Lease Accounting Services

Lease Accounting Resource Center

The new lease accounting standard, ASC Topic 842, Leases requires companies to recognize most lease assets and liabilities on their balance sheet, which could affect everything from internal controls to debt covenants. Financial leaders who understand the lease accounting model and the step-by-step approach to implementing the new standard can help their organization manage its requirements and communicate the ASC 842 impact on their organization’s financial statement. Explore our resources below for more insight into lease accounting.

Articles

A deep dive into the lease discount rate determination process to guide private companies in their adoption process.

Here are three ways lease accounting technology assists with the adoption of the new lease accounting standard.
Inventorying leases is an important first step in ASC 842 adoption.
A new lease accounting standard may make adoption more cost-efficient for private entities.
A quick overview of what to expect so your company can be better prepared for its new reporting obligations under the new lease accounting standard, ASC 842. 

The FASB ruled that lease accounting’s effective date will not be adjusted again.

Private companies and not-for-profit organizations are expected to have an additional year to adopt the changes to lease accounting in ASC Topic 842, Leases.
After some delays, standard changes to the lease accounting model for private companies and not-for-profit organizations are once again on the horizon. 

In response to the sudden influx of concessions, the FASB recently issued a staff Q&A about how organizations can account for the effects of the COVID-19 pandemic on their leases.

Melissa Henry

Director

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