As companies get ready for the new lease accounting standard, they’re coming across a variety of complications and questions before the standard takes effect in the next few years.

Deloitte recently issued a publication with answers to some of the frequently asked questions its clients have encountered. “From an implementation perspective, companies are now digging into the meat of the preparation activities,” said Deloitte Risk and Financial Advisory managing director Sean Torr. “There’s a sense over the next 12 months there’s going to be a time period of heavy lifting around the standard.”

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