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.
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