More than 3,300 professionals participated in the Deloitte Dbriefs webcast, “Lease accounting: Early steps in FASB compliance and centralizing data,” on Oct. 24, 2016. http://www2.deloitte.com/us/en/pages/about-deloitte/articles/press-releases/is-2017-the-year-of-lease-accounting-implementation.html?id=us:2sm:3ss:leaseacct:awa:adv:121216

1. Lease accounting: Early steps in
FASB compliance and
centralizing data
Deloitte Poll, results from October 24, 2016

2. Copyright © 2016 Deloitte Development LLC. All rights reserved. 2
Methodology
More than 3,300 professionals participated in
the Deloitte Dbriefs webcast, “Lease accounting:
Early steps in FASB compliance and centralizing
data,” on October 24, 2016. Poll respondents
represented several sectors including banking and
securities (9.8 percent); technology (8.3 percent);
travel, hospitality and leisure (8.1 percent); retail and
distribution (7.8 percent); and real estate (6.8
percent).
To replay the Deloitte Dbriefs webcast, visit the
archive online.

3. Copyright © 2016 Deloitte Development LLC. All rights reserved. 3
How prepared is your company to comply with the new lease
accounting standards?
Votes received: 3,081
24.4% Don’t know/not applicable
Extremely prepared
3.2%
Very prepared
10.6%
Not at all prepared
7.2%
Not too prepared
20.8%
Somewhat prepared
33.8%

4. Copyright © 2016 Deloitte Development LLC. All rights reserved. 4
Votes received: 3,319
Which best describes your organization’s likely lease accounting
implementation timeline?
4.8%
Early adopt,
public company
adopting faster than
timeline mandated by
regulators for publicly
traded companies
6.7%
Early adopt,
private organization
adopting faster than
timeline mandated by
regulators for privately held
organizations
36.4%
Adopt on schedule,
private organization
adopting on timeline
mandated by regulators for
privately held organizations
23.6%
Adopt on schedule,
public company
adopting on timeline
mandated by regulators for
publicly traded companies
28.4% Don’t know/not applicable

5. Copyright © 2016 Deloitte Development LLC. All rights reserved. 5
Which group is leading or is likely to be leading the lease
accounting implementation efforts for your organization?
Votes received: 3,329
20.3% Don’t know/not applicable
55.2%
1.6%
5.0%13.8%
Controllership Real estate Treasury
Combination of
controllership, IT,
real estate and
treasury
IT
4.1%

6. Copyright © 2016 Deloitte Development LLC. All rights reserved. 6
5.3%
9.4%
15%
16.3%
24.7%
What will be your organization’s top lease accounting
implementation challenge in the next 12 months?
Votes received: 3,175
29.3% Don’t know/not applicable
Figuring out where to start the implementation process
Collecting necessary data on all organizational leases in a
centralized, electronic inventory
Implementing multiple new accounting standards (i.e., revenue
recognition and/or current expected credit loss) simultaneously with
lease accounting
Overcoming board and executive assumptions that implementation
will have little or no impact on financial reporting and operations
Determining whether IT solutions currently in place for tracking
lease data can manage lease accounting implementation and
compliance

7. Copyright © 2016 Deloitte Development LLC. All rights reserved. 77
Will the amount of time and effort your organization’s lease
accounting team expends on implementation change in the next
12 months?
Yes—increase
54.7%
Votes received: 2,741
27.5% Don’t know/not applicable
15.9% 1.9%
No change Yes—decrease

8. Copyright © 2016 Deloitte Development LLC. All rights reserved. 8
Votes received indicating respondent sector: 2,560
Will the amount of time and effort your organization’s lease
accounting team expends on implementation change in the next
12 months? – Sector cut
77.1%
65.9%
62.8% 61.7% 61.3% 61% 59.2% 58.6% 57.5% 57.3% 57.2% 57% 56.3% 56.7% 55.6%
53.2%
47%
41.4%
Percentage of “Yes - increase” responses by sector

9. Copyright © 2016 Deloitte Development LLC. All rights reserved. 9
Shelley Pfaendler
Public Relations
Deloitte Services LP
spfaendler@deloitte.com
Full press release available on Deloitte.com
Media contact

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 poll.
The information obtained during the poll was taken “as is” and was not validated or confirmed by Deloitte.
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Copyright © 2016 Deloitte Development LLC. All rights reserved.