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. 

Need help implementing the new leasing standard?

Click to read ASC 842 case studies and watch video testimonials

Additional lease accounting resources

ASU 2021-09: Discount rate for lessees that are not PBEs

ASU 2021-09 allows lessees that are not PBEs to make the risk-free discount rate election by class of underlying asset.

  • November 11, 2021

Life sciences finance leaders share ASC 842 adoption insights

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

  • October 20, 2021

Dot the i’s and cross the t’s—a deeper look into ASC 842 adoption

Join this webcast as we discuss high-risk areas to consider as your company is implementing the new ASC 842 lease accounting standard.

  • September 28, 2021

Discount rate for lessees that are not PBEs

The FASB tentatively decided to allow lessees that are not PBEs to make the risk-free rate election by class of underlying asset.

  • September 27, 2021

Lease accounting in NetSuite using NetLease

Join our webcast to learn how ASC 842 changes lease reporting requirements and how to capture required information in NetSuite.

  • August 23, 2021

Accounting for certain leases with variable lease payments

ASU 2021-05 addresses the accounting for a lease with variable lease payments that do not depend on a reference index or a rate.

  • August 02, 2021
Ebook: Lease Accounting Planning Guide

Ebook: Lease Accounting Planning Guide

Implementing ASC 842 requires a significant shift in accounting processes, but the right strategy and support can ease compliance efforts.

  • July 23, 2021

3 paths to compliance for ASC 842 adoption

Join RSM in our three-part webcast series to explore which of these three paths best fits your lease accounting needs.

  • July 13, 2021
Lease abstraction planning: Understanding related effort and timelines

Lease abstraction planning: Understanding related effort and timelines

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

  • May 26, 2021

Have you planned your lease accounting compliance timeline yet?

With lease accounting compliance deadlines approaching, learn how strategy and technology can align for an effective compliance approach.

  • February 12, 2021