FASB Delay

With more than 30% of private and nonprofit companies having not begun their ASC 842 adoption, time is of the essence. Adoption requires significant new processes and work integrations between Accounting and Real Estate departments. Accruent's Lease Management and Accounting Solution, Lucernex, is the best choice.

• Designed to meet the functional and compliance needs of both real estate and equipment leases
• Utilized in retail, corporate, healthcare, telecom, and the public sector
• Compliant with the new financial reporting requirements under FASB ASC 842, IASB IFRS 16 and GASB No. 87
• Able to accurately classify leases as operating or finance using the FASB ASC 842 test