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.