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.
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 and select the system that is best for you.
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
National Lease Advisors offers a turnkey solution that brings together lease administration and accounting systems to ensure a successful ASC 842 adoption for any company with a portfolio of leases.
Welcome to the first in a series of articles to help companies prepare for the challenges of adopting the new ASC 842 accounting standard. In this post, I explain why it takes a team approach and give my thoughts on who should participate based on my past experience.
Every private company in the United States that prepares financial statements according to GAAP standards must adopt the new ASC 842 lease accounting standard. Here’s what you need to know before you get started.
Talk to an Advisor
Reach out for a no-pressure conversation to see if National Lease Advisors is a good fit for your real estate needs