The introduction of ASC 842 has had and will have a significant impact on all U.S. companies. It is up to finance teams and auditors to ensure that all leases are identified and accounted for correctly.
This task can be daunting. In fact, without lease accounting software solutions, for some businesses, it’s almost impossible.
The big question is, “Where to start?”
To assist, we’ve compiled a practical readiness checklist that will ensure you’re properly prepared for the implementation of ASC 842.