Developing Your Policies for ASC 842 Compliance
When the Boards update accounting standards, you need to update your policies. In this on-demand webinar, we walk you through the practical expedients released for ASC 842 and their implications. We also cover how your current policies may be affected by ASC 842 and considerations for determining discount rates, materiality and capitalization thresholds, and more.
Recent Blogs
Why Lease Accounting in Excel Will Set You Up for Non-Compliance
Excel is an accountant’s best friend. The ubiquitous software has been around for roughly 40 years and most of us can’t imagine a world without it. It seems like it can do anything. Unfortunately, to comply with FASB Topic 842, IFRS 16, FRS 102, as well as GASB 87,...
Making the Case for Switching Lease Accounting Software
Switching lease accounting software might seem intimidating, especially when familiarity and cost control are top of mind for most companies. Many companies stick with what they know, but sticking with outdated or inadequate tools can lead to inefficiencies, errors,...
ASC 842: The New Lease Accounting Standards Explained with Examples, Effective Dates, & More
1. What is ASC 842? 2. ASC 842 effective dates 3. What is a lease under ASC 842? ASC 842 lease classifications and subtopics 4. Scope of ASC 842 5. ASC 842 lease accounting for lessees Operating lease accounting under ASC 842 and examples Finance lease accounting...
