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What's next for lease accounting under ASC 842?

Dive deeper into 2024's most compelling lease accounting trends - from ESG data compliance to critical audit matters - and learn if your lease accounting solution is sufficient to mitigate their impact on lease accounting.

Lease Accounting Outlook 2024 - web

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What are the growing trends?

Illustration of man balancing on top of a chart with faded cityscape overlaid on blue background

Continued Interest Rate Volatility

Illustration of a green cityscape with green overlaid ESG terms

ESG
Data Disclosures

Shortage of Accounting Talent - Centered

Shortage of Accounting Talent

Illustration of man holding magnifying glass up to a document

Critical
Audit Matters

What can be done now?

Many companies are closing the books on their initial lease accounting solution in favor of a more automated platform. They’re aiming to save their accounting staff hundreds of hours of performing manual work in spreadsheets.

60

Hours

of manual
JE uploads

100

Hours

of manual
remeasurements

120

Hours

of manual
reconciliations

160

Hours

of ad hoc
business reports

Switch to CoStar Lease Accounting

Don't settle for a lackluster system. Our lease accounting software has the most advanced automation for ongoing ASC 842 and IFRS 16 processes.