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1. New Lease Accounting
Standards: Are companies
prepared to comply?
Deloitte Poll
Results from March 15, 2016

2. 2 New Lease Accounting Standards: Are companies prepared to comply? Deloitte Poll Copyright © 2016 Deloitte Development LLC. All rights reserved.
Methodology
More than 5,400 professionals participated in a Deloitte Dbriefs webcast, “Bring it
on—Discussing the FASB’s new leases standard,” on March 15, 2016. Poll
respondents work in sectors including banking and securities (11.4 percent), retail
and distribution (8.2 percent), technology (7.3 percent), process and industrial
products (6.9 percent), travel, hospitality and leisure (6.4 percent) and real estate
(5.7 percent).
To replay the Deloitte Dbriefs webcast, visit the archive online.

3. 3 New Lease Accounting Standards: Are companies prepared to comply? Deloitte Poll Copyright © 2016 Deloitte Development LLC. All rights reserved.
Which lease accounting standard(s) will your
organization need to comply with?
Votes received: 7,890
13.7% Don’t know/not applicable
IASB
2.7%
Both FASB
and IASB
19.4%
FASB
61.3%
Neither FASB
nor IASB
2.9%

4. 4 New Lease Accounting Standards: Are companies prepared to comply? Deloitte Poll Copyright © 2016 Deloitte Development LLC. All rights reserved.
How prepared is your company to comply with the
new lease accounting standards?
Votes received: 7,404
20.2% Don’t know/not applicable
Extremely prepared
1.9%
Very prepared
7.8%
Not at all prepared
9.6%
Not too prepared
26.1%
Somewhat prepared
34.4%

5. 5 New Lease Accounting Standards: Are companies prepared to comply? Deloitte Poll Copyright © 2016 Deloitte Development LLC. All rights reserved.
How easy or difficult do you think it will be for your company
to implement the new lease accounting standards?
Votes received: 6,946
18% Don’t know/not applicable
Extremely easy
Extremely difficult
Somewhat easy
Neither easy nor difficult
Somewhat difficult
1.5%
5.8%
13.6%
19.9%
41.2%

6. 6 New Lease Accounting Standards: Are companies prepared to comply? Deloitte Poll Copyright © 2016 Deloitte Development LLC. All rights reserved.
Will your organization invest in technology to comply
with the new lease accounting standards?
Votes received: 6,522
41.0% Don’t know/not applicable

7. 7 New Lease Accounting Standards: Are companies prepared to comply? Deloitte Poll Copyright © 2016 Deloitte Development LLC. All rights reserved.
Which will pose the largest implementation challenge for your
company’s lease accounting standards compliance efforts in
the next 12 months?
Votes received: 5,408
25.0% Don’t know/not applicable
IT system
upgrades
8.3%
Educating investors
and internal
stakeholders on the
rules' impacts to
financial
statements
6.7%
Collecting
necessary data on
all organizational
leases in a
centralized,
electronic inventory
33.4%
Developing and
instituting
processes to
evaluate quarterly
adjustments/
reassessment for
the balance sheet
and P&L as
required
20.5%
Complying with
both IASB and
FASB standards
simultaneously
6.2%

8. 8 New Lease Accounting Standards: Are companies prepared to comply? Deloitte Poll Copyright © 2016 Deloitte Development LLC. All rights reserved.
How many leases does your organization currently
have in its portfolio?
Votes received: 7,961
22.6% Don’t know/not applicable
None 1–500
3.1% 48.2%
501–
1,000
10.2%
1,001–
5,000
8.5%
More
than
5,000
7.5%

9. 9 New Lease Accounting Standards: Are companies prepared to comply? Deloitte Poll Copyright © 2016 Deloitte Development LLC. All rights reserved.
Votes received: 7,756
Which best describes your organization?
27.3% None of the above
6.9% Don’t know/not applicable
Real estate lessor
8.1%
Real estate lessee
26.2%
Equipment lessee
23.3%
Equipment lessor
8.2%

10. The statements in this report reflect the aggregation of poll responses and are not intended to reflect facts or opinions of any entities. All data, charts and statistics referenced and
presented, as well as the representations made and opinions expressed, unless specifically described otherwise, pertain only to the participants and their responses to the Deloitte
Advisory poll. The information obtained during the poll was taken “as is” and was not validated or confirmed by Deloitte.
This presentation contains general information only and Deloitte is not, by means of this presentation, rendering accounting, business, financial, investment, legal, tax, or other
professional advice or services. This presentation is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect
your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor.
Deloitte shall not be responsible for any loss sustained by any person who relies on this presentation. As used in this document, “Deloitte” means Deloitte LLP and its subsidiaries. Please
see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules
and regulations of public accounting.
Copyright © 2016 Deloitte Development LLC. All rights reserved.
Member of Deloitte Touche Tohmatsu Limited
Media contact
Shelley Pfaendler
Public Relations
Deloitte Services LP
spfaendler@deloitte.com
Full press release available on Deloitte.com