Why Johnson & Johnson established an inventory of leases

08/26/2013 | Journal of Accountancy online

Johnson & Johnson has created an inventory of leases, a step that experts say is wise as companies prepare for a converged lease-accounting standard. The inventory allows for high-level modeling of the proposed standard's effect on J&J's financial statement and enables the company to analyze ways it can create business advantages, says Judy Ryan, global lease-implementation project leader.

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