ASC 842— Leases

Wherever you are in the adoption process, we're here to help.

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ASC 842

Solutions for Smart Planning & Tactical Approach

Organizational capabilities, processes, and technology need to be assessed, and changes need to be implemented to address the new standard. Our approach helps drive better planning and decision making to help organizations stay ahead of the curve and leverage strategic opportunities.

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The adoption of new standards is always challenging, and ASC 842 is no different. For private companies, the adoption date has been deferred to fiscal years beginning after December 15, 2021.
Is your organization prepared? The deferral does not mean you should delay assessing the impact of the new standard. The time to begin is now!

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MorganFranklin Consulting’s technical accounting and financial reporting team provides hands on guidance to help you navigate your lease accounting challenges.