6 Important facts about the new accounting standard – Asc 842
The new ASC 842 standard for lease accounting fundamentally changes how companies recognize operating leases. Have you already familiarized yourself with the changes and new regulations of this new lease accounting standard? LucaNet North America and Mueller will take you on a journey covering the general changes as well as the 6 most significant topics:
- Effects on financial statements and key ratios
- Effects on companies’ processes
- New lease classification criteria
- Initial measurement of lease liability and right-of-use-asset
- Remeasurement vs. modification
- Presentation and disclosure requirements
LucaNet North America
James Hare III, M.A.S., CPA
WHEN: Wednesday, December 2nd
TIME: Noon – 1pm (CST)
For over 50 years Mueller CPA has provided Audit, Tax, Outsourced Accounting and Business Advisory Services to clients in the Chicago area. Through growth and acquisitions, the firm has gone from a regional firm that now serves clients internationally through a related firm, PKF Mueller. Mueller believes strongly in growth and enhanced client services that is offered through partnerships. The Certified Partnership with LucaNet enables the firm to assist clients by providing them with a streamlined way to consolidate and standardize financial data from different sources.
As the market leader in Corporate Performance Management software for finance teams, we offer the extraordinary every day: user-friendly software and professional consulting for financial consolidation, planning, reporting, and data management. Developed for finance experts, by finance experts. Our mission is always to find the smartest solutions, making the job of finance teams, CFOs, controllers, and group accountants that much easier – with 100 % reliable numbers. It’s really catching on: more than 2,700 customers worldwide already trust in LucaNet. Thanks to our offices around the world, as well as our partners, we form a network dedicated to making your finances easier. So that you have more time to focus on the true essence of your business.