How to create an ASC 842 implementation plan in just 6 weeks

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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.

Put your leasing transformation on the fast track

PwC’s accelerated assessment provides a clear path toward adopting the new lease accounting standard -- in only six weeks, from selection of sample leases to output of a summary impact assessment and implementation roadmap. You’ll receive guidance from PwC’s professionals and access to our powerful tools, resources and technology. The end result is a solid foundation from which to complete the data collection, process and systems changes needed to comply with the new accounting standard and manage your lease portfolio over the long term.

Data Sieve helps efficiently capture leasing data

Data Sieve is PwC’s proprietary technology that leverages machine learning to efficiently collect and process unstructured leasing data. We can use Data Sieve to jump-start your leasing transformation and provide a comprehensive solution to your leasing data collection and analysis challenges.

Learn more about Data Sieve.

What you receive from a leasing impact accelerated assessment:

  • Training sessions for your leasing project stakeholders regarding ASC 842 transition considerations and assistance establishing a governance plan for your transition to the new standard.
  • Access to PwC’s customizable GAAP Change Diagnostic Survey tool to collect critical details from your business units on your organization’s lease portfolio.
  • Sample lease reviews using Data Sieve to identify and quantify potential issues.
  • Analysis of collected data to approximate financial impact of the new standard for the sample lease set.
  • Disclosure mapping to identify gaps between current state and disclosures needed under the new standard.
  • Cross functional workshops to address cumulative inputs from your impact assessment.
  • Deliverables include summary impact assessment and implementation roadmap.

Contact us

Sheri Wyatt

Partner, Risk Assurance - ESG, PwC US

Shane Foley

Principal, Digital Risk Solutions Leader, PwC US

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