Download this white paper to learn the hidden costs of the new lease accounting standards and what your company can do to prepare for and address these challenges.
Two years have passed since the initial publication of the new ASC 842 Leases standard by FASB. In an effort to provide a quantitative progress report on the status of compliance efforts, LeaseAccelerator conducted a research study in late January 2018. Over 300 finance and accounting leaders were surveyed to understand progress in forming a project team, updating policies, collecting data, and selecting software.
Are you ahead of schedule or behind with 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.
Read IDC’s Market Spotlight report on the new Enterprise Lease Accounting software market. This IDC Market Spotlight examines the ramifications of IFRS 16 and ASC 842 on companies. The paper also looks at the role of lease accounting software in meeting these strategically important business process and financial statement reporting requirements.