Preparations for the new FASB standard have been less than impressive for many years.  While the measure was finalized in 2016, and had been a topic of heavy discussion even years before that, companies have consistently struggled to make the changes necessary to implement it. A 2014 survey found that only 1 percent of companies were prepared for the new standards; a 2016 survey found only 13 percent had a clear plan for implementation, and 49 percent thought they wouldn't be ready until 2019; and a 2017 survey found that 47.1 percent of C-suite executives were concerned about their ability to implement the standards on time versus 11.4 percent who said they were extremely or very prepared.