Ideas & Insights

Pharmaceutical, biotech and medical device company finance leaders discuss ASC 842 lease accounting adoption complexities and challenges.

The level of effort necessary to perform lease abstraction shouldn’t be underestimated. Companies should start planning as soon as possible.

Customers can now purchase LeaseQuery directly from RSM, gaining the benefit of a single-vendor community across solutions.

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

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

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

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

The arrangement allows RSM clients to leverage NetLease and NetAsset, advanced lease accounting and fixed asset management tools.

LeaseQuery and RSM will work with commercial and government organizations to facilitate lease accounting compliance.

Concerns have been raised that replacing Libor with an alternative reference rate may trigger a number of challenges.

Despite deferment of the new leasing standard, organizations should keep moving along with their lease implementation activities.

RSM partners with Visual Lease to provide clients with a solution to efficiently comply with new accounting standards.

Many contractors are not adequately preparing for yet another accounting change coming their way, known as ASC 842.

Private company leaders can learn from the new lease standard implementation challenges public company leaders have already experienced.

ASC 842 compliance is challenging, and the effective date is quickly approaching for private companies. RSM can help smooth your adoption.

It is critical that health care organizations have a comprehensive approach in implementing the new lease accounting requirements.

Colleges and universities must adjust to the new level of judgments and estimates required under ASC 842 and GASB 87 lease accounting.

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