Dot the i’s and cross the t’s—a deeper look into ASC 842 adoption

by | Aug 24, 2021

RECORDED WEBCAST  | 

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Your company is implementing the new ASC 842 lease accounting standard and you want to ensure success. RSM is pleased to provide our insights into how to plan for a successful adoption. In this webcast, we will focus on the high-risk areas and answer some of your last-minute questions regarding initial adoption as well as planning for ongoing accounting. This session is not a high-level overview; instead, we’ll quickly dive into many real-world implementation questions that we’re seeing middle market companies have as they adopt the new standard.

Many have asked what “correct” looks like for 842 adoption. Let us help you demystify some of this as well as focus on some high-risk areas such as:

  • Completeness of the lease portfolio
  • Abstraction
  • Documentation of the implementation including key decision and judgments

Following this session, you’ll walk away with a more detailed understanding of what it takes to adopt the ASC 842 lease accounting standard.

A recording of this webcast is available to view below.

Our presenters


Kristin McLaughlin

Partner


Kirk Rogers

Partner

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Call us directly at 972.221.2500 (Flower Mound) or 940.591.9300 (Denton),
or complete the form below and we’ll contact you to discuss your specific situation.


This article was written by RSM US LLP and originally appeared on 2021-09-28.
2021 RSM US LLP. All rights reserved.
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KHA Accountants, PLLC is a proud member of RSM US Alliance, a premier affiliation of independent accounting and consulting firms in the United States. RSM US Alliance provides our firm with access to resources of RSM US LLP, the leading provider of audit, tax and consulting services focused on the middle market. RSM US LLP is a licensed CPA firm and the U.S. member of RSM International, a global network of independent audit, tax and consulting firms with more than 43,000 people in over 120 countries.

Our membership in RSM US Alliance has elevated our capabilities in the marketplace, helping to differentiate our firm from the competition while allowing us to maintain our independence and entrepreneurial culture. We have access to a valuable peer network of like-sized firms as well as a broad range of tools, expertise, and technical resources.

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