Your company is required to implement the new ASC 842 lease accounting standard, which is complex and time-consuming. In this webcast, RSM provides a technical overview of the new lease accounting standard as well as share our insights into planning for successful adoption. We will start with the “building blocks” of ASC 842 and address common questions regarding initial adoption. We’ll also share insights into implementation issues that we’re seeing middle market companies encounter as they adopt the new standard.
Many have asked what “right” looks like for 842 adoption. Let us help you demystify some of this, as well as focus on some crucial areas such as:
- Completeness of the lease portfolio
- Abstraction of leases
- Materiality considerations
- Documentation of the implementation including key decisions and judgments
- Technology (Excel or a lease system)
- On-going lease accounting services
Watch the recording of this webcast below to gain a more detailed understanding of the new ASC 842 lease accounting standard, the level of effort required for adoption and critical risk areas.