New Lease Accounting Standards Can Lead to New Savings for Companies

According to the Wall Street Journal, the new lease accounting standards have given some companies the opportunity to find unexpected savings, despite the more time-intensive reporting requirements.

The Journal reports that the new standards were enacted to provide greater transparency for investors and lenders, but the consolidation of the leases in one place can also give companies better insight into their own finances.

However, the Journal adds that it may take time to realize some of these financial benefits, depending on the nature and length of the lease.

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