RKL eSolutions Blog Trends and Insights

The Deadline to Transition to the New ASC 842 Standard is December of this year. Are you Prepared?

By: LeaseQuery   Let’s Start From the Beginning: What is ASC 842? ASC 842 defines leases as contracts, or portions of contracts, granting “control” of an identifiable asset for a specific period of time in exchange for payment. ASC 842, or Topic ...

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Tagged With: Lease Management

How to Conduct an Inventory of Your Leases

  Written by: LeaseQuery    There’s no way around it. In order to comply with the new lease accounting standard, you’ll need to gather lease information from multiple departments and consolidate it. This takes some serious legwork, internal ...

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New Lease Accounting Rules

Prepare Now for Smoother Year-End Adoption The highly anticipated new lease accounting standard will take effect for most private companies at the end of 2022 (fiscal years beginning after December 15, 2021), six years and two adoption ...

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