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Lease Accounting Resource Center
Insights to help you navigate the ASC 842 reporting requirements
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. Subscribe to our lease accounting insights email and receive new information directly to your inbox.
Additional lease accounting resources
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.
Join our series covering how, despite the deferred deadlines for ASC 842 implementation, private companies should keep moving forward.
This webcast series features lease accounting software products on the market and how to properly select a solution to comply with GASB 87.
The arrangement allows RSM clients to leverage NetLease and NetAsset, advanced lease accounting and fixed asset management tools.
Maintaining lease accounting standards shouldn’t be time consuming. Join our webinar on Feb. 18 to learn more.
GASB 87 is effective for reporting periods beginning after Dec. 15, 2019. Learn how your organization can implement this standard.
A large steelmaking company throughout North American looked to RSM as an advisor and partner with their implementation.
An overview of the lessor guidance in ASC 842 that most affects financial institutions that provide lease financing to their customers.
LeaseQuery and RSM will work with commercial and government organizations to facilitate lease accounting compliance.
See more Lease Accounting Insights »