A Turnkey Solution to ASC 842
If you have reached this page, you are likely facing the challenges of preparing for the upcoming lease accounting changes required by ASC 842 or IFRS 16. National Lease Advisors (NLA) is ready to help you meet the challenge ahead. Our team has experience working with publicly traded companies and their auditors to adopt the new standard. We provide a turnkey solution created based on best practices we have learned to help you achieve a successful adoption.
Game Plan Development
As your partner, we will help you develop a game plan that ensures successful adoption of the new accounting standard, including bringing the right players to the table.
National Lease Advisors provides a wide range of services, from helping companies establish in-house systems to providing ongoing, full-service solutions that ensure your systems are established correctly and maintained long term.
The new lease accounting standard has created a boom in software solutions claiming to have the answers. At NLA, we can help you evaluate systems, or you can utilize our turn-key solution that include access to SOC compliant software.
Lease Identification and Abstraction
One of the more challenging stages of the adoption process is identifying and gathering lease documents, and then abstracting the key data needed. NLA will ensure this process is completed thoroughly and accurately.
Where we shine
We are equipped to transition to ASC 842 for leases globally with reporting in both the local currency and US Dollars.
ASC 842 transition services start at $500 per lease and reduces based on the number of leases and asset type. Please contact us for more information and pricing to meet your specific portfolio needs.
From the Blog
Articles & Updates
For the adoption of ASC 842, and when future leases are added or modified, your team will need to assess whether a renewal option is “reasonably certain” to be exercised. “Reasonably certain” is intended to be a high threshold and reflects the existence of a...
As we enter the final stretch of 2021, transitioning to the new lease accounting standard, ASC 842, is becoming a challenge for many organizations. National Lease Advisors provides its clients with a turn-key solution that brings together our expertise in lease...
With the adoption of ASC 842 comes the challenge of identifying embedded leases. While the concept of embedded leases also existed under ASC 840, the treatment of expenses under these contracts did not vary from other operating leases, so the identification was...
Talk to an Advisor
Interested in learning more about our services? Please reach out to see if National Lease Advisors is a good fit for your company.