Expected Complications For ASC 842 Implementation And What You Can Do As The Project Manager
In recent years, your company has leased property and equipment and relied on the ASC 840 accounting software to keep record. Undoubtedly, this software had numerous issues because it was developed and implemented over forty years ago (right about the time that computers became office hardware for the first time ever). That is precisely why ASC 842 software was developed and precisely why it is now universally being implemented as the only acceptable accounting software for all business leasing.