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FASB and IASB have issued drafts of jointly proposed changes which essentially eliminate all operating leases from the income statement and move them onto the balance sheet as a capital expense. CFO Research Services conducted an online survey to ask senior finance and other executives what effects they expect the new lease accounting standard will have on how they measure and manage company performance. What changes might companies have to deal with beyond the balance sheet? How do they plan to cope, for example, with the need to track lease transactions more closely, and which corporate systems are likely to require investments?