The clock is running down.
If you're a public company - with 6 to 9 months to implement FASB ASC 842 before the January 1st deadline - you've got a lot of work to do... and not a lot of time to do it in.
And if you're a private company with a little over a year to implement the mandate... time's still not on your side.
One thing is for sure...
Very few people are ready. In fact, PwC's accounting survey tells the shocking story that only 1% of companies are ready. 34% are still early in the assessment phase. 83% of all companies are less than 50% complete with the project. And one-third are unsure or doubtful they will meet the effective date.
So basically, that means everyone's scrambling to meet the deadline.
Since it's crunch time, the team at AMTdirect decided to put our experience to work.
We created a useful tool for our customers and friends to help plan their FASB 842 compliance effort: The Real FASB 842 Implementation Timeline Calculator, Gantt Chart & Project Plan.
The logic used in this calculator is based off 20 years in the lease administration management business.
These are the ACTUAL project plans and timelines we've used for deployments on hundreds of customers across hundreds of thousands of leases.
We know this Project Plan, Gantt Chart and Timeline Calculator will give you a better vision for the scope of the deployment, helping you map out the stages of your project.
Ultimately, it will move you a bit closer to that "go live" moment... with a few less surprises.
And a word of advice... whether you're pushing to meet the Jan 1st deadline or a 2020 date... The time to start is NOW.
Download the Calculator today!