Lease Accounting Standard Implementation Resources

Resource Center

We have you covered. – We realize implementation of Topic 842 can be tricky and time-consuming, so GRF has developed this dedicated resource center to help your organization achieve compliance and meet the implementation deadline.

After helping numerous clients implement Accounting Standard Update (ASU) 2016-02, Leases (Topic 842), GRF’s team of audit specialists has compiled a list of tips, from their perspective as practitioners, to help organizations struggling with the new standard. Learn these tips for successful implementation.

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The implementation of FASB’s updated Lease Accounting Standard, ASU 2016-02 (Topic 842) has given rise to many questions for organizations yet to adopt the new standard. In this webinar, you will learn how to reduce your organization’s risk with a solid compliance strategy.

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Stay tuned for a checklist on successful implementations to be released in August.


Technology

GRF uses NetLease to assist clients with implementing the new lease accounting standard. The resources below explain how we leverage this technology to help clients achieve audit-ready compliance.

NetLease  provides easy audit-ready compliance for ASC 842 and IFRS 16 by supporting decision-making throughout the entire lease lifecycle, providing a robust end-to-end audit trail, and storing key details and documents for each lease record.

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NetLease provides the most efficient and standardized way to verify lease accounting schedules. It generates all necessary schedules to verify compliance with new lease accounting standards and exports them to Excel. It also handles complex lease situations including modifications, decreases in scope and ROU impairments.

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Many organizations need help becoming audit-ready when it comes to ASC 842. NetLease’s cloud-based solution simplifies the transition and creates a consistent audit workflow.

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Lease Accounting Standard Implementation Task Force

GRF CPAs & Advisors can help your organization achieve compliance and meet the implementation deadlines.

GRF Partner Amy Boland

Amy Boland, CPA

Partner and Director, Audit

John R. Pace, CPA, CVA

Partner and Director, Outsourced Accounting & Advisory Services

Lindsay Dean, CPA

Partner, Audit

Steven Lyons, CPA

Senior Manager, Outsourced Accounting & Advisory Services

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