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 ti...
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Lease Liability Index Report
Learn how to transition from accounting for leases under current GAAP to a successful adoption of the new lease accounting rules. We'll help you navigate the lease accounting changes while avoiding any potential pitfalls along the way.
Transitioning from accounting for leases under GAAP to the new lease accounting standard, ASC 842, can be a challenge. Use this detailed ASC 842 Transition Checklist to assist you through this process.
As the ASC 842 deadline approaches, LeaseQuery gathered insight into the concerns private companies predict will impact lease accounting compliance which includes: COVID and pandemic lease modifications, staffing and talent challenges, and going at it alone.
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