Lease Accounting Standard Breakdown

The Financial Accounting Standards Board (FASB) requires public and private companies to track and disclose leased assets within their balance sheet.

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How ASC 842 Impacts Companies Today

ASC 842 replaced the previous lease standard, ASC 840, requiring a major overhaul of lease management processes and updating of records. Private companies were required to adopt the new standard by 2019, while private companies deadline was 2020 with some extensions due to the pandemic.

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How Occupier Helps

Modern Full Service

Become and remain compliant with modern software, services, and a dedicated customer success team.

Easy-to-Use Interface

Streamlining old and new process become a breeze in Occupier’s dashboard.

Secure Record Keeping

From automatic journal entries to private data, Occupier keeps your information safe.

Check Out Our ASC 842 Resources

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Comparing ASC 840 to ASC 842: Going From Old to New Lease Accounting Standards

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Occupier’s ASC 842 Implementation Checklist

“I feel confident in the completeness and accuracy of our data that we’re going to get through our audit and the ASC 842 transition.”

Mike Mayman

Controller, SolidCore

Gain ASC 842 Compliance

Learn how Occupier can help your company become and remain compliant with ASC 842, without frustration or a strain on your team’s bandwidth.

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