The Complete Playbook for ASC-842 Compliance

Companies are facing a challenge in implementing and adhering to the new FASB lease accounting standards. Financial statement managers must extract a large amount of lease data, read and analyze obligations and provisions, and modify it following the most recent standards. A smooth and efficient transition is possible if the complex components are properly understood and the implementation process is simplified.

This paper helps ease the transition to new FASB ASC-842 accounting standards.

Major issues addressed in this report are:

  • Lease accounting best practices
  • The nature of the accounting changes and expert advice
  • What lessees need to know about leasing under new rules of engagement
  • The impact on taxes and internal reporting structures and more…

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