If you’re getting nervous about how your corporate finance staff can implement reams of new accounting rules that are on the horizon, here’s your chance to sounds off to the rule makers and tell them how it ought to be done.

The Financial Accounting Standards Board has published a discussion paper acknowledging that it’s putting out a lot of major new rules in a short time frame, so the board is looking for input on how to implement them.

The FASB is working on major changes to how companies would account for financial instruments, revenue, leases, comprehensive income, insurance contracts and, financial instruments that have characteristics of equity, among others. Even further, the board is picking away at a long-range project to develop a new format for financial statements that would dramatically alter the current format and presentation of the entire series of financial statements.

Most of the proposals that are in the works do not contain defined time lines for when they will become effective. The FASB published the discussion paper to explain the big picture – including the number of major standards that are being developed and the underlying effort to converge U.S. rules with international rules – and ask for ideas on how the new standards should be implemented.

The FASB also acknowledges that the requirements are developing while the regulatory environment is undergoing some significant transformation and the economy continues to throw off puzzling signals about the prospects for growth and recovery. Even further, the Securities and Exchange Commission is still forming its ideas on how to transition U.S. capital markets over to International Financial Reporting Standards and the Financial Accounting Foundation is giving some serious consideration to whether private companies should get a simpler rule book.

With all of those factors at play, FASB asks companies to weigh in with some thoughts on how much time and effort it would take to properly adapt to the new accounting requirements. The FASB is also asking for views on the what kind of implementation time table and what sequence of adoption would allow companies to implement the new rules in the most cost-effective way possible.

FASB said it will use whatever information it receives to “develop an implementation plan for those new standards that helps stakeholders manage the pace and cost of change.” The FASB is accepting comments on the discussion paper through Jan. 31.

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