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White Papers

Lease Accounting Progress Report 2017

Lease Accounting Progress Report 2017

By | Research, White Papers

Are you ahead of schedule or behind schedule on your ASC 842 lease accounting project? Benchmark yourself against your peers by reviewing our 2017 Progress Report, published on the one-year anniversary of FASB’s new leasing standard. Over 250 finance professionals provided their progress on key tasks such as resource staffing, budget approval, data collection and software selection.

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FASB Lease Accounting Budget eBook

FASB Lease Accounting Budget eBook

By | White Papers

FASB Lease Accounting Budget

The Five Big Line Items to Include in Your Budget Estimate

FASB 842 Budgeting eBook

Understand the Key Project Costs:

  • Business Process Assessment and Planning
  • Lease Accounting and Administration Software
  • Software Implementation, Testing and Training
  • Data Collection and Upload
  • Project Management

The Guide also includes:

  • Explanation of each line item
  • Rationale for the investment
  • Advice on how to estimate

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Get Access to the eBook

A key factor in the success of your lease accounting initiative will be to properly budget for the incremental resources and costs needed to successfully complete the project and meet the new compliance standard.  Most companies will need to purchase a specialized lease accounting software application.  They will also need to get help from outside consultants to implement the software – especially with collecting and populating all the necessary lease data.  Creating your FASB Lease Accounting Budget will be challenging as there are few, if any, external benchmarks available to use as a foundation for your assumptions and estimates.  The lease accounting standards are new and no large companies have fully implemented them yet.

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