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Lease Accounting Resource Center

RESOURCE CENTER

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.

RELATED INSIGHTS

ARTICLE

Managing implementation of ASC 842 for international lease portfolios

For global companies, local languages, currencies, systems and regulations can make the implementation process challenging.

FINANCIAL REPORTING INSIGHTS

Audit committee tool: Preparing for the leases accounting standard

The CAQ recently issued a tool to help audit committees in their oversight responsibilities related to the new leases standard.

INSIGHT ARTICLE

Are you ready to adopt ASC 842?

As you implement ASC 842 there are a number of key considerations that could have wide-ranging effects across an organization.

INSIGHT ARTICLE

FASBs new leasing standard guidance under ASC 842

Guidance allows transparency for investors and financial statement users to assess the timing, amount, and cash flow from leases.

INSIGHT ARTICLE

Leases: Bring on the balance sheet

A brief and basic explanation of the new ASC 842 leases guidance highlighting what you need to know and consider now.

FINANCIAL REPORTING INSIGHTS

Accounting for leases

Statement 87 establishes a single model for lease accounting by state and local governments, with limited exceptions.

WHITE PAPER

Leases: New accounting requirements for lessees

This white paper explains the new lease guidance applicable to lessees in Accounting Standards Update 2016-02, Leases (Topic 842).

ARTICLE

Managing lease accounting for public and private higher education

Colleges and universities must adjust to the new level of judgments and estimates required under ASC 842 and GASB 87 lease accounting.

Need help implementing the new leasing standard?

Let the professionals at RSM help guide your company through the challenges of implementing 842.

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