Key Lessons for a Successful ASC 842 Implementation
ASC 842 implementation lessons
How Confident Are You in Your Lease Accounting Systems and Procedures?
Why Many CFOs and Controllers Are Taking a Second Look When the new lease accounting standards were first implemented, finance leaders did what they had to: stand up systems quickly, align with real estate, and hit compliance deadlines. Often, this was done under...
National Lease Advisors Recruits Big Four Accountant to Grow Lease Accounting Division
National Lease Advisors Inc. recently announced the addition of Amanda Muna to the team as a lease administrator. Amanda will take on a leadership role and help manage the firm’s fast-growing lease accounting services. Amanda joins National Lease Advisors from the...
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...