United States

Lease Accounting Resource Center


On February 25, 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842), its long-awaited final standard on the accounting for leases. This brings a revolutionary change in lease accounting that will affect entities across all industries. The new standard requires lessees to recognize most leases on their balance sheet. It will also significantly affect the accounting for certain leases and may result in key impacts on an entity’s finances and operations which may mean that companies will need to implement new application solutions to manage these requirements.

We invite you to explore the following information about the new lease standard and adoption and implementation considerations. Our consulting team is committed to bringing you comprehensive customized solutions, delivering compliance with the new standard while also enhancing financial controls and optimizing the lease-to-pay process.



Leases: Bring on the balance sheet

A brief and basic explanation of the new ASC 842 leases guidance highlighting what you need to know and consider now.


Accounting for leases

Statement 87 establishes a single model for lease accounting by state and local governments, with limited exceptions.


Leases: New accounting requirements for lessees

This white paper explains the new lease guidance applicable to lessees in Accounting Standards Update 2016-02, Leases (Topic 842).

Need help implementing the new leasing standard?

Let the professionals at RSM help guide your company through the challenges of implementing 842.

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