Ideas & Insights

Constituents recently provided feedback to the FASB regarding issues encountered in the implementation of ASC 842.

We have updated our white paper, which provides an overview of lessor accounting under ASC 842 for financial institutions.

Businesses can improve operations and reduce costs after adopting the ASC 842, despite the time and effort required to maintain compliance.

Implementing (ASC) 842 will likely require a lease accounting software package. These five topics are key areas for you to consider.

RSM’s approach to implementing new standards differs because we take a practical, hands-on approach; our depth and experience sets us apart.

ASU 2020-05 provides one-year effective date deferrals for certain entities and their adoption of ASC 606 and 842.

On May 20, 2020, the FASB approved one-year effective date deferrals for certain entities for ASC 606 and ASC 842.

While ASC 842 will affect leasing activities, technology solutions can help ease the burden that the new standard brings.

Do not delay your GASB 87 lease implementation efforts because of the postponement of the GASB 87 effective date.

We recently updated our U.S. GAAP vs. International Financial Reporting Standards comparisons on leases and interim reporting.

Due to the coronavirus, the FASB recently proposed a one-year effective date delay for certain entities for ASC 606 and ASC 842.

GASB 87 requirements can challenge government entities. Here are three steps to adopting and implementing the new leasing standard.

The FASB staff recently discussed answers to certain questions on financial-reporting topics related to the coronavirus pandemic.

FASB to propose deferring the effective dates of ASC 606 for private franchisors and ASC 842 for certain entities.

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

A multinational consumer products client sought to implement ASC 842 with LeaseAccelerator as their selected lease technology solution.

How RSM conquered a time crunch in helping a large conglomerate prepare for an initial filing and life as a public company.

Visual Lease’sbest-in-class lease accounting software automates financial reporting associated with ASC 842 and IFRS 16.

RSM’s Lease Accounting Resource Center provides high-level and detailed information about implementing ASC 842.

Join our series covering how, despite the deferred deadlines for ASC 842 implementation, private companies should keep moving forward.