According to a June 2019 Deloitte poll, just 26.3% of public company executives report that their implementation of FASB and IASB lease accounting standards is complete. Many have completed initial compliance activities, but few have fully completed broader lease implementation efforts.

1. New lease accounting standards:
Lessons learned from public
companies
Deloitte poll results from June 20, 2019

2. New lease accounting standards: Lessons learned from public companiesCopyright © 2019 Deloitte Development LLC. All rights reserved. 2
Methodology
C-suite and other executives from public and
privately held organizations were polled
online during a Dbriefs webcast, titled “New
lease accounting standards: Lessons learned
from public companies” and involving the
Deloitte Center for Controllership, on June 20,
2019. Similar online polls were conducted in
February 2019, October 2018, April 2018,
January 2018, May 2017, October 2016 and
March 2016. Answer rates differed by
question and respondents differed by webcast
poll.
In some instances, immaterial amounts (e.g., +/-
0.1%) have been added to or removed from the “Don’t
know/not applicable” answer responses to bring
results to 100% total for each question.
1,230+
2

3. New lease accounting standards: Lessons learned from public companiesCopyright © 2019 Deloitte Development LLC. All rights reserved. 3
How prepared is your organization to comply with the new lease
accounting standard?
Findings over time; C-suite and other executives only
Votes received: 946 (292 public, 654 private; Oct 2016); 1,976 (1,086 public, 890 private; May 2017); 1,838 (1,021 public,
817 private; Apr 2018); 1,367 (829 public, 538 private; Oct 2018); 1,322 (729 public, 593 private; Feb 2019); 1,792 (456
public, 1,336 private; June 2019)
Prepared = Respondents selecting “extremely prepared” or “very prepared” answer options.
Unprepared = Respondents selecting “not too prepared” or “not at all prepared” answer options.
Don’t Know / Not Applicable = 5.2% public and 6.3% private (Oct 2016); 4.6% public and 4% private (May 2017); 3% public and
4.5% private (Apr 2018); 3.2% public and 3% private (Oct 2018); 1.8% public and 6.1% private (Feb 2019); 19.7% public and
10.3% private (June 2019)
Prepared Somewhat prepared Unprepared
Public companies Private organizations
44.8%
44.2%
45.2%
36.1%
33.2%
37.4%
41.1%
45.3%
41.4%
44.4%
43.8%
39.7%
7.8%
6.5%
8.9%
16.5%
16.9%
12.6%
Oct-16
May-17
Apr-18
Oct-18
Feb-19
Jun-19
26.7%
26.4%
21.4%
9.4%
6.8%
8.1%
45.5%
51.2%
52.6%
41.9%
30.6%
29.0%
22.6%
17.8%
23.0%
45.5%
60.7%
43.2%
Oct-16
May-17
Apr-18
Oct-18
Feb-19
Jun-19

4. New lease accounting standards: Lessons learned from public companiesCopyright © 2019 Deloitte Development LLC. All rights reserved. 4
Which do you think will pose the largest implementation
challenge for your company’s lease accounting standard
compliance efforts in the next 12 months?
Don’t know / Not Applicable = 25.5% public and 12.9% private (June 2019)
C-suite and other executive findings
Votes received: 1,942 (509 public, 1,433 private; June 2019)
29.7%
14.9%
16.7%
5.9%
7.3%
43.7%
17.9%
13.2%
6.8%
5.5%
Public companies Private organizations
Identifying all leases and gathering necessary data
Managing multiple new accounting standards (e.g.,
revenue recognition and/or current expected credit
loss) in addition to lease accounting
Managing necessary changes to business processes,
controls, and employee/stakeholder communications
Difficulty in finding and implementing an appropriate IT
solution
Figuring out where to start the implementation process

5. New lease accounting standards: Lessons learned from public companiesCopyright © 2019 Deloitte Development LLC. All rights reserved. 5
How many real estate and/or equipment leased assets does your
organization’s portfolio contain?
Don’t know / Not Applicable = 18.5% public and 10.7% private (June 2019)
C-suite and other executive findings
Votes received: 1,445 (339 public, 1,106 private; June 2019)
25.7%
14.2% 14.2%
8.8%
18.6%
62.1%
11.7% 9.0%
3.0% 3.5%
Less than 100 100-300 301-1,000 1,001-2,500 More than 2,500
Public companies Private organizations

6. New lease accounting standards: Lessons learned from public companiesCopyright © 2019 Deloitte Development LLC. All rights reserved. 6
How easy or difficult do you think it will be for your company to
implement the new lease accounting standard?
Don’t Know = 10.4% public and 10.8% private (June 2019)
C-suite and other executive findings
Votes received: 1,982 (518 public, 1,464 private; June 2019)
7.1%
23.2%
33.0%
26.3%
8.3%
36.9% 38.2%
5.8%
Easy Neither difficult nor easy Difficult Not applicable-
implementation already
complete
Public companies Private organizations

7. New lease accounting standards: Lessons learned from public companiesCopyright © 2019 Deloitte Development LLC. All rights reserved. 7
Ease of implementation for publics and privates by lease portfolio
size
Don’t Know = Less than 100: 6% public, 8.3% private; 100-300: 2.1% public, 4.1% private; 301-1,000: 0% public, 1.1%
private; 1,001-2,500: 0% public, 6.3% private; More than 2,500: 1.8% public, 2.7% private
C-suite and other executive findings, “How easy or difficult do you think it will
be for your company to implement the new lease accounting standard?” cross-
referenced with “How many real estate and/or equipment leased assets does
your organization’s portfolio contain?”
Votes received: 1,233 (264 public, 969 private; June 2019)
25.0%
5.2%
22.9%
3.1%
26.1%
2.0%
25.0%
3.1%
31.0%
2.6%
22.6%
36.7%
45.8% 53.5%
52.2%
58.6%
42.9% 78.1%
37.9%
68.4%
34.5% 40.3%
22.9%
35.4%
21.7%
34.3%
32.1% 9.4%
22.4% 23.7%
11.9% 9.5%
6.3% 3.9% 4.0%
3.1% 6.9%
2.6%
Public
companies
Privately held
organizations
Public
companies
Privately held
organizations
Public
companies
Privately held
organizations
Public
companies
Privately held
organizations
Public
companies
Privately held
organizations
Less than 100 100-300 301-1,000 1,001-2,500 More than 2,500
Easy Neither difficult nor easy Difficult Not applicable—implementation already complete

8. New lease accounting standards: Lessons learned from public companiesCopyright © 2019 Deloitte Development LLC. All rights reserved. 8
Media contact
Shelley Pfaendler
Public Relations
Deloitte Services LP
spfaendler@deloitte.com
Cheznee Johnson
Public Relations
Deloitte Services LP
chezjohnson@deloitte.com
Full press release available on
Deloitte.com
8

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Copyright © 2019 Deloitte Development LLC. All rights reserved.
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