ASC 842 for Non-public companies

A guide to compliance

This guide explores the impact of ASC 842 on non-public organizations and discusses the practical considerations and best practices for implementing the new standard.

Download the guide to:

Learn how ASC 842 will impact your business;
Understand the main barriers to compliance;
Assess the potential risks and impacts
Get your business ready for ASC 842

ASC 842 for non-public companies

With the ASC 842 deadline for private companies and nonprofit organizations looming, CFOs, controllers, and financial departments are faced with the complex and onerous task of transitioning to the new standard.

To become compliant, a company must not only collate, abstract, and validate all the lease data across the entire organization. But also implement the necessary processes, controls and systems required to maintain ongoing compliance post-transition – and that’s before you even consider some of the more challenging aspects of compliance such as embedded leases, navigating the new definition of a lease, and lease modifications.

Why IRIS Innervision?

IRIS Innervision’s lease accounting software is a proven solution that simplifies compliance with the ASC 842 standards. Thousands of finance professionals around the world rely on IRIS Innervision to transform their leasing processes, centralize their data and automate lease accounting compliance.

To find out how IRIS Innervision's lease accounting software can help drive ROI and reduce the costs of the transition to ASC 842, speak to our experts now.