The new lease accounting standard, ASC 842, is required for public companies for fiscal years beginning after December 15, 2018. Private companies must comply with the new standard for fiscal years beginning after December 15, 2021 and interim periods within fiscal years beginning after December 15, 2022.
Horn Solutions can provide the following support –
A leasing tool kit to gather an inventory of your leases, assess your lease contracts, and value for accounting purposes.
Communication with your locations and departments searching for leases
Writing white papers and accounting policies
Identification of contracts that could include embedded leases
Experienced ASC 842 consultants
We can help any size company meet the deadlines for implementation of Lease Accounting Topic 842.
DFW office 469-609-0005
Houston office 281-207-7702