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…