Posts Tagged
‘ASC 842’

If you are using spreadsheets to maintain your leases, you know what a pain those spreadsheets can be. They are error-prone, difficult to adjust, and can even increase risk. Or, as one audit partner excellently put it to me recently,…

May 25, 2021

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The New Lease Accounting Standard Checklist: How to Identify Embedded Leases While embedded leases are not a new concept in accounting, they are now receiving a lot more attention. In the past, operating leases weren’t recorded on the balance sheet,…

May 10, 2021

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Not sure where to start? We’re here to answer your questions. This on-demand webinar is a two part series where we will discuss everything you need to know about the new lease standard, as well as provide a demo of our lease accounting software.

Apr 23, 2021

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As you may have heard in April 2020, the FASB made it official there would be another one-year delay regarding the implementation of the new Lease Accounting Standard, allowing organizations to focous on getting through the pandemic. A lot of…

Sep 22, 2020

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Problem When the new lease standard was announced, the client’s first inclination was to use Excel, a cheap and easy option. But early on it became clear that using spreadsheets to implement the new standard wasn’t feasible. The client began…

Sep 23, 2019

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Lease Accounting Software Demo Using Excel to manage the ongoing compliance with ASC 842 is RISKY! Not only is Excel a risky method, but it can also be incredibly time consuming when it comes to complying with the new standard….

Sep 09, 2019

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It’s been over a year since FASB issued its new standard on accounting for leases (ASC 842). Most recently the standard was implemented for publicly traded companies. Many of these companies found the implementation to be much more involved than…

May 09, 2019

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Private companies will now need to implement ASC 842 in less than 12-months. ASC 842 was recently implemented for publicly traded companies. Many of these companies found the implementation to be much more involved than they originally expected and as…

Mar 20, 2019

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