CFOs Fret About Loans on the Eve of New Accounting Rule

The scenario illustrates the complications finance teams have faced as a result of a more than a decade-old push to align global accounting standards of the U.S. Financial Accounting Standards Board and the International Accounting Standards Board.

Companies will be required to report operating leases on their balance sheets next year, a shift that can trip loan covenants and cause lenders to recall the debts

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