Adopting the new FASB lease accounting standard (ASC 842)

Sweeping transformation of current lease accounting rules will have widespread impacts for nearly all companies. How should you prepare?

PwC’s rapid readiness approach helps accelerate deployment  of a lease accounting solution

PwC works with carefully selected lease management software vendors to deliver an integrated solution to help address your transition needs. Our rapid readiness approach can potentially reduce the time needed for a traditional system implementation by deploying a pre-defined, accounting focused system designed for your near-term reporting needs while also providing the foundation for sustainable lease management and reporting.

Rapid readiness details 

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PwC's specialists discuss potential solutions to overcoming the top challenges companies face in adopting the lease accounting change (ASC 842).

2017 lease accounting survey: implementation progress report

More than a year after the FASB and the IASB issued new guidance for reporting leases on financial statements (ASC 842 and IFRS 16, respectively), PwC and CBRE surveyed finance and real estate executives regarding their progress to date in implementing the new standards. Explore the survey results to see where companies stand and how you compare.

Key findings include:

  • How companies are approaching systems and data challenges
  • Resource requirements
  • Estimated costs
  • Top implementation issues

Explore the survey findings

        
 

Create an ASC 842 implementation plan in just 6 weeks

Is your organization still determining how and when to start your transition to ASC 842, the FASB’s new lease accounting standard? PwC offers an efficient approach to help jump-start your leasing transformation.

Explore PwC’s approach

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Contact us

Sheri Wyatt
Partner, Deals, Accounting Advisory Services
Tel: +1 (312) 298 2425
Email

Chad Kokenge
Partner, Deals, Managing Partner - CMAAS
Tel: +1 (646) 471 4684
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