The new ASC 842 lease accounting standard impacts many areas of an organization, not just accounting. The adoption process is a practical challenge – Riveron’s cross-functional approach is designed to simplify the process and create a sustainable solution.
Riveron has extensive advisory experience assessing the impact of and implementing ASC 842 across various industries and company sizes. The standard requires significant judgment, both in applying the guidance and in considering what will likely be far-reaching impacts to companies. Finance systems, procurement, business processes, operations and financial reporting all need to be carefully considered as you respond to change. Riveron goes beyond creating a set of recommendations – we become an extension of management to ensure the implementation is practical and tailored to your business needs.
Our lease accounting services span a variety of areas, including:
- Business requirements and software selection
- Software configuration and implementation
- Business process design
- Technical accounting
- Project and change management
- Impact analysis and assessment
- Lease abstraction
- Operational accounting
- Disclosure requirements
- Policy and procedure development
Riveron is not a CPA firm.
Highlights from a virtual discussion on year-end readiness, including trends impacting audit and 2023 planning cycles.
For finance and accounting professionals at companies adopting the lease accounting standard ASC 842, here’s a roundup of our experts’ top implementation tips, technical accounting pointers, and lessons learned.
Based on a virtual event recap, here are key technical considerations for private companies adopting the lease accounting standard ASC 842.
Few companies anticipated the ripple effect of clean-up activities that would emerge following adoption.