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
- Data extraction
- Implement new processes
- 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.
Featured Blog Posts
Executive Team
Link to Greg Lease Accounting Services 
Nashville Nashville
Greg Eli
Shareholder, Practice Leader Healthcare
Nashville Nashville Link to Jim Lease Accounting Services Chattanooga Chattanooga
Jim Callihan
Shareholder, Audit and Advisory
Chattanooga Chattanooga Link to Paul Lease Accounting Services Nashville Nashville
Paul Demastus
Shareholder, Audit and Advisory
Nashville Nashville Link to Brad Lease Accounting Services Nashville Nashville
Brad Bonde
Shareholder, Healthcare Services
Nashville Nashville