How to implement the new lease accounting standard

June 8, 2018

The countdown to the effective date for the FASB’s ASC 842 has begun. Changes in lease accounting will impact the operations of almost every organization, regardless of size, industry, or geography.

Organizations need to fully understand how the accounting standards update will impact their business, develop an implementation plan, and identify a team to apply the changes.

Accounting teams can follow these four steps for successful implementation.

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