Lease Accounting

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Lease Accounting: Your Guide Through Change

With the deadline to finalize implementation of the new lease accounting standard approaching for private companies, there are advantages to working with a firm with proven experience assisting companies with conversion to ASC 842. Our team will assist on all aspects of the implementation – from conducting the preliminary impact assessment to analyzing and categorizing existing leases, establishing policies and procedures for ongoing lease activity, addressing technology and infrastructure requirements, and project management. Our detailed plan will focus on potential challenges and risks along the way.

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Lease Accounting Implementation Tools (ASC 842)

The process and procedural changes, training, calculations, and the effort involved with implementing ASC 842 can be overwhelming. CohnReznick has extensive experience guiding companies like yours through the ebbs and flows of your organization’s needs.
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How far along is your organization with its implementation process?

Based on the stage of the implementation process you are in for the new leasing accounting standard updates, register for our webinar series to help guide you.

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Robert Hilbert

CPA, Managing Partner - Assurance

Matthew Derba

CPA, Partner

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Any advice contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues. Nor is it sufficient to avoid tax-related penalties. This has been prepared for information purposes and general guidance only and does not constitute legal or professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice specific to, among other things, your individual facts, circumstances and jurisdiction. No representation or warranty (express or implied) is made as to the accuracy or completeness of the information contained in this publication, and CohnReznick LLP, its partners, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.