Compliance

The Benefits of Early Adoption of ASC 842

ASC 842 has swept into the lives of many accounting professionals much quicker than expected. What first started as a draft process back in 2016 has finally become a reality. While public companies have had to adopt ASC 842 already, private companies were offered the choice of adopting this standard early. Read on as we discover the benefits of early adoption of ASC 842.
Compliance

Preparing for Lease Audit Procedures under ASC 842

With a new lease accounting standard – ASC 842 – in place, accounting and finance teams know that this area is one that is likely to get more attention than usual from the auditors. It’s therefore critical to ensure that this section of the books is fully audit-ready, and that you are prepared for the audit procedures likely under ASC 842.

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Compliance

Accounting for Operating Leases under ASC 842

In this article, we’ll go over the main requirements when it comes to accounting for operating leases under ASC 842. We’ll also look at some tips and best practices to ensure that your ASC 842 compliance is seamless and smooth.
Compliance

ASC 842 vs ASC 840: How to Ensure a Smooth Transition

With ASC 842 coming into effect and effectively replacing ASC 840, things have changed dramatically. In this article, we’ll look at the differences between ASC 840 and ASC 842, with a specific focus on ensuring the smoothest ASC 842 compliance journey possible.
Compliance

How should I account for lease modifications under ASC 842?

In this article we’ll look at what a lease modification under ASC 842 is, how lease modifications should be accounted for in terms of ASC 842, as well as important information that can make your lease accounting smoother than you ever imagined.
Compliance

Your Guide to GASB 87 Compliance

Ensuring GASB 87 compliance is a challenge that grows with each additional lease you have in place. Read our blog post for more information about the standard, implementation, & ways to streamline compliance.
Compliance

IFRS 16 And ASC 842 Standard Differences

In this article, we look at the differences between ASC 842 & IFRS 16 and in doing so gain a deeper understanding of how to ensure smoother and better compliance more efficiently.
Compliance

GASB 96: The Next Big Thing

GASB 96 has been called “The Next Big Thing” and its impact will be felt in every government department and related entity. In short, across the country GASB 96 is going to bring massive changes. Ensure you understand the impact this Statement will have, and are properly prepared to adopt it seamlessly.
Compliance

ASC 842 Summary

In this article, you'll find a summary of ASC 842, plus adoption deadlines, operating lease criteria and tips for preparing for the regulation to kick in.
Compliance

ASC 842 Effective Date

When does ASC 842 come into effect, and when should you start preparing? All answers in the article.