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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
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.
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.
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.
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.
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.
Learning from early adopters: Tax implications of ASC 842
Compliance with ASC 842 includes evaluation of the tax implications that may affect businesses during the implementation.
Year-end tax and accounting update for the real estate industry
An update on the tax and accounting developments, macroeconomic outlook, trends and policies affecting the real estate industry.
The Libor countdown—are you ready?
Concerns have been raised that replacing Libor with an alternative reference rate may trigger a number of challenges.
Consumer products retailer implements ASC 842 with RSM collaboration
When an existing client of RSM's technology consulting group faced implementing ASC 842, RSM was well-positioned to offer assistance.
Leasing standard deferment should not stall implementation
Despite deferment of the new leasing standard, organizations should keep moving along with their lease implementation activities.
See more Lease Accounting Insights »