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

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
GASB guidance for transition from Interbank Offered Rates

GASB guidance for transition from Interbank Offered Rates

The GASB's guidance addressing financial reporting implications of the replacement of interbank offered rates.

  • January 12, 2021

GASB proposes implementation guidance

The GASB recently released a proposed implementation guide to address a wide array of practice issues related to GASB Statements.

  • December 02, 2020
Taking your company's financial profile to a new level

Taking your company's financial profile to a new level

Our technical accounting consulting team help tackle your complex accounting needs with dedicated industry professionals.

  • November 18, 2020

Proposed updates to ASC 842

The FASB recently proposed amendments to address certain issues arising from the adoption of the leases standard.

  • November 02, 2020