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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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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
See more Lease Accounting Insights »