ASC 842 Lease Accounting: 10 Best Practices for Day Two and Beyond
Adoption of ASC 842 lease accounting guidance is challenging, and most companies that have worked on compliance just want to…
Five Critical Lease Accounting Policy Decisions
Companies that haven’t yet adopted ASC 842 must make some important choices for lease accounting data and policy as the…
9 Key Functional Deficiencies Driving Companies to Replace ASC 842 Software
Adoption of ASC 842 was challenging enough. No company implemented new lease accounting software expecting to replace it just a…
Lease Accounting Ad Hoc Reports with CoStar
Lease accounting ad hoc reports are made easy with CoStar. Unlike common types of accounting reports—such as roll forward and…
A Warning to Private Companies About Obtaining and Maintaining ASC 842 Compliance
With less than six months away to comply with ASC 842, private companies need to prepare now and understand the…
Lease Accounting Audits Made Simple with Better Financial Reports
Lease accounting audits are a challenge for many companies. But they can be made simple with better financial reports from…
FASB Proposes Improvements to ASC 842 Discount Rate Guidance for Non-Public Companies
FASB has proposed an update to ASC 842 that would affect non-public companies with leased assets. ASC 842 currently provides…
Unfounded Rumors of Off-Balance-Sheet Financing Enabled by ASC 842
Some analysts are concerned that a nuance in ASC 842 lease accounting guidance creates a loophole that enables off-balance-sheet financing.…
Private Companies Still Not Ready for ASC 842 Lease Accounting
Nearly 20% (19.8%) of executives from privately held organizations still feel unprepared to comply with the new ASC 842 lease…
Why Lease Accounting Software Systems Fail
Adoption of ASC 842 was challenging enough. No company implemented new lease accounting software expecting to replace it just a…