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Connor Group is excited to release two ASC 842 lease disclosure studies which highlight the quantitative and qualitative disclosure trends from close to 300 public company filings. The studies focus on filings through August 2019 for companies with both market caps between $500 million and $1 billion, and companies with market caps over $30 billion. These key disclosure items are covered:
- Adoption methods
- Adoption adjustments
- Balance sheet presentation
- Practical expedient elections
- Discount rates
- Lease terms
Among the findings are that almost all companies adopted the standard using the effective date approach and that discount rates for operating leases averaged about 4.0% for companies with market caps above $30 billion and 6.5% for companies with market caps between $500 million and $1 billion.
You can view the two studies by clicking on the following links:
If you are interested in discussing lease accounting and how Connor Group has helped companies with the new lease standard, please get in touch with us!