New Lease Accounting Standard to Bring Pain to Many Companies

A new article on AccountingWeb.com discusses the joy which is recieving the new Lease Standards.

Jason Branwell writes "Forty-two percent say implementation will be either “pretty painful” or “extremely painful,” while 3 percent think it will be more painful than root canal surgery."

I'd say that the standards are going over well, don't you? So how much pain do you expect and do you really think these standards will serve anyone but the public CPA firms?

http://www.accountingweb.com/aa/standards/new-lease-accounting-standard-to-bring-pain-to-many-companies