The resources you need to meet ASC 842.
The newly finalized Lease Accounting Standard ASC 842 from the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) will take effect in December 2018. But to get ready for them, organizations need to take action now. Compliance can get complicated, and without the proper action plan – and resources – organizations run the risk of falling behind – and into non-compliance.
At BDO, our Accounting and Reporting Advisory team combines their industry knowledge with practical experience to help our clients navigate their most pressing challenges. We understand the intricacies of the new standards, as well as their potential impact on organizations. To better help our clients get ready for the new compliance standard, we’ve partnered with CoStar Group
, the leading provider of commercial real estate information and technology solutions.
Together, we’ve developed a solution that combines the trusted insight and advice of BDO professionals with CoStar’s leading-edge lease accounting software. Providing complete, end-to-end services, we can help:
- Discuss and establish a realistic adoption plan to meet the deadline
- Assist with ASC 842 implementation services
- Identify any additional or new system needs
- Initiate an auditor change