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4 Things You Should Start Now to Be Ready for the ASC 842 Effective Date
For most public companies, the effective date of the new lease standard has passed: January 1, 2019. For private companies, the effective date of the new lease standard, ASC 842, is January 1, 2020. If you’ve been keeping up with the new lease accounting guidance,...
FASB ASC 842 Alert: New Changes Just Released (March 2019 Update)
The FASB just released an important update, ASU 2019-01, that simplifies the implementation process to ASC 842. The updates are based on learning from companies that have transitioned to the new standard. Here’s what you need to know: Issue 1: Determining the Fair...
A Detailed Example and Explanation of ASC 842 Disclosure Requirements
The adoption of ASC 842, Leases, is a change for companies in that it requires most leases to be recognized on the balance sheet, but the guidance also includes expanded disclosure requirements. Many companies designed a process to identify embedded lease arrangements...
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4 Things You Should Start Now to Be Ready for the ASC 842 Effective Date
For most public companies, the effective date of the new lease standard has passed: January 1, 2019. For private companies, the effective date of the new lease standard, ASC 842, is January 1, 2020. If you’ve been keeping up with the new lease accounting guidance,...
read more
FASB ASC 842 Alert: New Changes Just Released (March 2019 Update)
The FASB just released an important update, ASU 2019-01, that simplifies the implementation process to ASC 842. The updates are based on learning from companies that have transitioned to the new standard. Here’s what you need to know: Issue 1: Determining the Fair...
read more
A Detailed Example and Explanation of ASC 842 Disclosure Requirements
The adoption of ASC 842, Leases, is a change for companies in that it requires most leases to be recognized on the balance sheet, but the guidance also includes expanded disclosure requirements. Many companies designed a process to identify embedded lease arrangements...
read more
4 Ways to Improve Financial Reporting Quality and Processes
To say that financial reporting regulations have changed in the past 20 years would be an understatement. We’ve seen significant recommendations made by The Securities and Exchange Commission (SEC), the introduction of The International Financial Reporting Standard...
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How to Prepare for Your First Financial Statement Audit under ASC 842 and IFRS 16
You’ve collected all of your company’s leases. You’ve built your amortization schedules. You’ve created your journal entries and reports. And now, the moment of truth: your first post-transition audit. What should you expect? What will your auditors be looking for?...
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Beyond Compliance: The Hidden Benefits of the New Lease Accounting Standards
Implementing FASB ASC 842 and IFRS 16, the new lease accounting standards, may seem like a burden right now, but there are some benefits beyond compliance that may surprise you. The processes and tools you use to transition will enable you to work more efficiently,...
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Looking Back at 2018: A Phenomenal Year at LeaseQuery
Thanks to our wonderful customers and amazing employees, LeaseQuery had another year of tremendous growth in 2018. We were recognized as the fastest growing technology company in Atlanta and one of the best places to work by the Atlanta Business Chronicle. Our...
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Encoursa and LeaseQuery Announce Lease Accounting Survey Results
October 26, 2018 — With the effective date of the new lease accounting standards less than two months away for many companies, Encoursa, in partnership with LeaseQuery, conducted a survey to understand the progress accountants are making towards adoption. “The survey...
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