ASC 842 – Evaluating Renewal Options and the “Reasonably Certain” Threshold
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...
For Credit Unions: A Turnkey ASC 842 and Lease Administration Solution
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...
ASC 842 – A Guide to Embedded Leases
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...
Six Common Mistake Companies Make When Adopting ASC 842
At National Lease Advisors, we have helped many companies get through a smooth adoption of the new lease accounting standard, ASC 842. Many of these companies had attempted to take on the accounting adoption alone but realized they needed significant assistance, so...
National Lease Advisors Offers Turnkey Lease Administration Solutions for ASC 842
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.