Navigating the complexities of ASC 842, the new lease accounting standard, can be a daunting task for any company. After transitioning many clients to the new standard, National Lease Advisors is now working with almost all lease administration clients to maintain...
Background The new lease accounting standard ASC 842, introduced by the Financial Accounting Standards Board (FASB), significantly changed the landscape for financial institutions such as credit unions and banks. The complex regulations necessitated a large-scale...
