ASC 842 Compliance Lease Accounting Tool Kit – 2021

Are you gearing up for an ASC 842 compliance project in 2021? While many public companies are nearing the end of their adoption, private companies are just getting started. Get all the resources you need for a successful project with our 2021 Lease Accounting Survival Kit.

Download these tried and true assets to jump start your internal project plan and vendor evaluation to begin collecting  the lease data for the upcoming ASC 842 compliance deadline.

Download the Top Private ASC 842 Compliance Assets

How to Get Started with Your Lease Accounting Project eBook

How to Get Started Guide

Download this guide to understand how to navigate the first 90 days of your lease accounting project.  This eBook provides an introduction to all the key decisions you will need to make to start your implementation – the key risks and challenges; how to staff the project team; and how to estimate the implementation time frame.

lease accounting project plan sample download

Sample Project Plan

Download this customizable project plan in Microsoft Excel or PDF. Useful for FASB ASC 842 or IFRS 16 with both real estate and equipment leasing portfolios. Includes all the major project phases such as business process assessment, software selection, data conversion, implementation and testing.

The 100 Data Fields to Collect

Know what data you need ahead of time to avoid having to repeat the data collection phase. This guide contains a list of 100 of the data fields you will need to collect per lease to achieve compliance with the new standards.

How to Budget for Your Lease Accounting Project eBook

Budget Planning – Five Big Line Items to Consider

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.

lease accounting budget worksheet sample download

Sample Budget Worksheet

Download this customizable budget worksheet for the new lease accounting standards in Microsoft Excel format. Useful for FASB ASC 842 or IFRS 16, includes all the key line items for incremental and external costs such as lease accounting licenses, data collection, software implementation and testing.

Evaluation Guide for Lease Accounting Software

Evaluation Guide for Lease Accounting Software

Download this Evaluation Guide for a comprehensive checklist of features you should look for in an Enterprise Lease Accounting software application.  Includes detailed feature lists for Lease Accounting as well as both Real Estate and Equipment Lease Administration.

Lease Accounting Software Vendor Comparison Checklist

Vendor Comparison Checklist for Lease Accounting Software

Download this Vendor Comparison Checklist for Lease Accounting Software. It includes all the key requirements for an enterprise-class solution including lease classification, policy elections and judgments; financial disclosures, management and responsibility center accounting. Downloadable in an editable Microsoft Word document that you can customize and use to rank/compare vendors.