The new lease accounting standard, ASC 842, is one of the most significant accounting overhauls in recent history, impacting organizations across all industries. It may come as a surprise, but any contract has the potential to be or contain a lease under the new guidance, including real estate, shipping, or cloud computing contracts.
We’re here to help you navigate ASC 842’s complexities and achieve a successful implementation. Watch our video to learn more about these changes and how to prepare your business.
Lease Accounting in 70 Seconds from Aronson LLC on Vimeo.
Prefer real-time conversations? We do too. Contact Mark Phillips or Chris Vasquez at 301.231.6200 today.