ASC 842, issued by the Financial Accounting Standards Board (FASB), significantly changed how leases are recognized and reported on financial statements, adding another layer of complexity to lease accounting. That's why corporate accounting and real estate teams must have the proper processes and systems in place to eliminate silos and strengthen collaboration.
How can both teams identify inefficiencies, ensure compliance, and gain better control of the lease lifecycle? Read this supplement to find out.
Plus, explore how technology can help corporate accounting teams broaden their bandwidth and capabilities, while also streamlining compliance with complex standards such as ASC 842 and IFRS 16, without requiring additional staff.