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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. 

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Click to read ASC 842 case studies and watch video testimonials


Additional lease accounting resources

RSM helps a multinational manufacturing company implement ASC 842

RSM helps a multinational manufacturing company implement ASC 842

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

  • March 24, 2020
Going public on an accelerated timeline with a conglomerate

Going public on an accelerated timeline with a conglomerate

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

  • March 24, 2020

Webcast series for private company ASC 842 adoption

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

  • March 04, 2020

Your path to successfully implementing GASB 87 technology

This webcast series features lease accounting software products on the market and how to properly select a solution to comply with GASB 87.

  • February 26, 2020

Netgain and RSM Provide Lease Accounting Fixed Asset Solutions

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

  • February 25, 2020
Leading practices for maintaining ASC 842 compliance

Leading practices for maintaining ASC 842 compliance

Maintaining lease accounting standards shouldn’t be time consuming. Join our webinar on Feb. 18 to learn more.

  • February 18, 2020
What is GASB 87 and how does it affect your organization?

What is GASB 87 and how does it affect your organization?

GASB 87 is effective for reporting periods beginning after Dec. 15, 2019. Learn how your organization can implement this standard.

  • January 28, 2020
Lessons on implementing ASC 842 from a public steelmaking company

Lessons on implementing ASC 842 from a public steelmaking company

A large steelmaking company throughout North American looked to RSM as an advisor and partner with their implementation.

  • January 27, 2020

Financial institutions: Overview of lessor accounting under ASC 842

An overview of the lessor guidance in ASC 842 that most affects financial institutions that provide lease financing to their customers.

  • January 24, 2020

RSM and LeaseQuery Take Lease Accounting Technology to New Heights

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

  • January 16, 2020