While plenty of businesses are still working to implement the new ASC 842 lease accounting standards, plenty of others are discovering that staying in compliance can be almost as difficult as getting into compliance in the first place.
With that in mind, this special report dives into the so-called "Day 2" issues -- making sure companies can stay in compliance going forward, and manage their leases and their lease reporting efficiently and effectively -- while also sharing best practices in switching to the new standards, all from experts at accounting firms, corporate accounting teams and lease accounting software developers.
Among the significant lease accounting issues it explores are:
- Managing ongoing compliance and report generation.
- Optimizing lease workflows to minimize the burden.
- Integrating lease management and reporting systems with other corporate systems.