Four Reasons Clients Choose Aprio as Their Lease Accounting Partner

Four Reasons Clients Choose Aprio as Their Lease Accounting Partner

RECOGNIZED EXPERTISE – Aprio’s Lease Accounting Practice leader – Jeffrey Duncan, CPA, – is frequently invited to deliver NASBA accredited CPE presentations on ASC 842 and IFRS 16 lease accounting standards and implementation best practices.

 

A NAME YOU CAN TRUST – Aprio is an award-winning Top 50 CPA advisory firm. Since 1952, clients across the U.S. and in 40+ countries have trusted Aprio to drive growth and manage risk.

DEEP EXPERIENCE – The Aprio Lease Accounting team has a depth of experience implementing ASC 842 and IFRS 16 for multi-million-dollar construction companies with thousands of leases abstracted, including real estate, railcars, land, fleet vehicles, equipment, draglines, etc.

FULL-SERVICE PARTNER, U.S. RESOURCES – With more than 500 associates across the U.S., Aprio has the expertise, processes and bench strength to handle the largest ASC 842 implementations.

Streamline ASC 842 Adoption with Aprio’s Proven Roadmap

FASB’s ASC 842 revised lease accounting standard requires nearly all of a company’s leases to appear on the balance sheet. Aprio’s proven ASC 842 implementation roadmap streamlines the transition to this new accounting standard.

A dedicated Aprio team guides you through the following process steps, clearly communicating expectations and coordinating project planning actions.

Schedule a 15-minute consultation to confirm if Aprio’s Lease Accounting Solution is right for you and your business.

Kickoff meeting with key stakeholders

Document lease accounting policies

Interview operation leaders to understand leasing and tracking processes

Evaluate need for a lease accounting software solution

Vendor selection, if required

Identify the lease universe and aggregating leases

Abstract details from leases

Load lease details into lease accounting software solution

Validate results (i.e., ROU assets, lease liabilities, etc.)

Perform completeness testing procedures

Draft disclosures

Let Aprio simplify your ASC 842 implementation.

Let Aprio’s experienced lease accounting experts streamline your compliance with the new ASC 842 accounting standard. We offer comprehensive lease accounting services from project planning, accounting policy updates and staff training, to lease accounting software selection, lease extraction services and tax consulting.

Schedule a 15-minute consultation to learn if Aprio’s Lease Accounting Solution fits you and your business.