Change, it is a-coming.
We’re talking about the looming deadline for public companies to make FASB ASC 842 changes. And private companies aren’t off the hook… they have just one short year to roll out their implementation.
Either way, you’ll be challenged with complexity and encounter roadblocks and unforeseen challenges when it comes to the accounting standards changes.
Truth is, the new FASB 842 requirements will force you to manage lease and accounting data in a much different fashion.
As we’ve worked with our clients to complete implementation, we’ve come across 7 misconceptions that could prove costly, if not managed appropriately.