Lease Accounting Services

The new lease accounting guidance presents an opportunity to proactively implement new processes and policies while simultaneously taking inventory of your Company’s lease populations, and assess the impact on future financial reporting.

Lease Accounting Services

  • Data extraction
  • Process mapping
  • Internal controls
  • Change management
  • Software advisory
  • Software readiness
  • Financial impact modeling
  • Impact analysis on debt covenant calculations

ASU 842 Quick Facts

  • Effective Jan. 1, 2019 for public companies.
  • Effective Jan. 1, 2020 for non-public companies.
  • All long-term operating leases will be presented on the balance sheet.
  • Financial statement disclosures will be expanded.

LBMC’s 3 Steps to Success

  1. Data extraction
  2. Implement new processes
  3. Communicate financial impact with stakeholders

Industries

Healthcare

  • Acute care/hospital
  • Behavioral health
  • Dental
  • Dermatology
  • ER services
  • Healthcare IT
  • Home health
  • Hospice
  • Life sciences
  • Managed care
  • Medical devices
  • Nurse/staffing
  • Physician practices
  • Physical therapy
  • Surgery centers
  • Urgent care

Manufacturing

  • Metals and Plastics
  • Automotive
  • Packaging
  • Printing

Services

  • Business services
  • Distribution
  • E-Commerce
  • Professional services

Technology

  • SaaS
  • Web services
  • Hardware

* Representative sample, not intended to be all-inclusive.