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,...
Why BlueLinx Chose LeaseQuery for ASC 842 Compliance VIEW THE CASE STUDY For BlueLinx, LeaseQuery checks all the right boxes Challenge When ASC 842 was released, the Controller at BlueLinx knew the company could no longer rely on Excel for lease accounting. Finding an...
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?...
Free Guide: The New Challenges in Lease Accounting The new lease accounting standards come with a host of new challenges The introduction of ASC 842 and IFRS 16 by FASB and IASB have created new and different challenges in lease accounting. Is your team ready to...
With the lease accounting effective date quickly approaching for private companies, there’s no such thing as too many helpful tips. Navigating the new rules and transitioning your accounting practices so you remain compliant isn’t an overnight task. In fact, many...
Finding a gifted lease accountant is complicated. You need a project manager who can see the big picture to ensure long-term compliance. But you also need a technical accountant who’s a stickler for details. The key to finding the best talent is asking the right...
