Nakisa
flow-image

Adopting ASC 842: Potential Operational Challenges

Published by Nakisa

The document “Adopting ASC 842: Potential Operational Challenges” outlines the complexities organizations face when transitioning to the updated lease accounting standard. Key challenges include gathering complete lease data, ensuring cross-departmental coordination, and managing IT system upgrades or integrations. It emphasizes the need for a centralized data repository, automated workflows, and updated internal controls to maintain ongoing compliance. The document also highlights the importance of training, documentation, and consistent policy application across entities. Successfully navigating these challenges requires strategic planning, technology adoption, and clear communication among finance, legal, procurement, and real estate teams.

 

 

Download Now

box-icon-download

Required fields*

Please agree to the conditions

By requesting this resource you agree to our terms of use. All data is protected by our Privacy Notice. If you have any further questions please email dataprotection@headleymedia.com.

More resources from Nakisa