Tag Archives: #accounting

Risks of Using Spreadsheets to Comply with the ASC 842 Lease Accounting Standard

The FASB ASC 842 Lease Accounting Standard for lease accounting is now in effect for both public and non-public companies.  This standard will be required of many business entities throughout the United States. The accounting change makes lease management and accounting much more complex. The ASC 842 accounting model requires more sophisticated financial calculations and… Read More »