Ideas & Insights

With ASC 842 deadlines approaching, you should start your software implementation now to ensure that you have time to choose a platform.

Accounting errors resulting from improper application of ASC 840 cannot be carried forward into the transition to ASC 842.

The road to compliance with FASB ASC 842 can be fraught with challenges, but some best practices can help allow for a smoother transition.

Key tax takeaways for privately held, middle market companies when adopting the new lease accounting standards.

As you implement ASC 842 there are a number of key considerations that could have wide-ranging effects across an organization.

Even though the tax rules have not changed, a change in book recognition could create a change in the tax method of accounting.

The complexities of ASC 842 changes are difficult to manage in-house, leading companies to consider lease accounting outsourcing.