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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
Join our webcast to learn how ASC 842 changes lease reporting requirements and how to capture required information in NetSuite.
ASU 2021-05 addresses the accounting for a lease with variable lease payments that do not depend on a reference index or a rate.
Implementing ASC 842 requires a significant shift in accounting processes, but the right strategy and support can ease compliance efforts.
Join RSM in our three-part webcast series to explore which of these three paths best fits your lease accounting needs.
The level of effort necessary to perform lease abstraction shouldn’t be underestimated. Companies should start planning as soon as possible.
With lease accounting compliance deadlines approaching, learn how strategy and technology can align for an effective compliance approach.
The GASB's guidance addressing financial reporting implications of the replacement of interbank offered rates.
The GASB recently released a proposed implementation guide to address a wide array of practice issues related to GASB Statements.
Our technical accounting consulting team help tackle your complex accounting needs with dedicated industry professionals.
The FASB recently proposed amendments to address certain issues arising from the adoption of the leases standard.
See more Lease Accounting Insights »