Moore Colson Launches Service for New Accounting Lease Standard ASC 842
June 23, 2021
Atlanta, Georgia
Moore Colson, an award-winning accounting, consulting and advisory firm in Atlanta, is pleased to announce a new lease accounting service offering to clients, ensuring their compliance with the new accounting lease standard (ASC 842). The standard is effective for non-public, calendar year-end companies on January 1, 2022. Under the new standard, companies must record a right of use asset and lease liability on the balance sheet for most leasing arrangements.
Having its formative roots in consulting, Moore Colson approaches compliance in a unique consultative manner, going beyond compliance with its service offerings. “Given the volume of data, reporting and judgment required, we know compliance with ASC 842 is not going to be a simple task,” said Chris Arnone, CPA, partner and business assurance practice leader. “Our goal is to make the process seamless and efficient for our clients, ensure compliance and provide a comprehensive plan and outlook.”
The firm offers several services to help businesses successfully implement and maintain compliance with ASC 842 through a structured and efficient approach. As with all offerings from Moore Colson, the new service will have a client-centered and tailored approach. From pre-implementation advisory and training to implementation and execution and post-implementation advisory, the team at Moore Colson will identify and execute a complete scope of work to plan for, achieve and maintain compliance.
All Moore Colson lease accounting clients will have full access to its entire team of experts, who have experience in over 15 different industry segments. “This new offering ensures Moore Colson continues to meet and exceed all of its clients’ accounting and financial needs, serving as a single point of contact for planning, strategy and compliance,” continued Arnone, who will be overseeing the service for the firm. Moore Colson’s solution will assist clients in navigating the complexities of implementation and identifying the impacts to financial statements and disclosures, debt covenant calculations and important key metrics.
To learn more, visit moorecolson.com.
About Moore Colson:
Moore Colson is the business advisor of choice for any company seeking thoughtful financial and strategic guidance. That’s why since 1981, family-owned businesses and Fortune 500 corporations alike have trusted us with their accounting and consulting needs. And unlike most firms, we use a true partnership model, which means every client has access to our entire team of experts. A nationally-recognized firm, Atlanta-based Moore Colson has the experience and personal touch to shape your future and help your company grow. Learn more at MooreColson.com.
For more information, please contact:
Brunella C. Reid
Director of Marketing marketing@moorecolson.com
770.989.0028
