Controller

Both standards eliminate off-balance-sheet operating leases, but ASC 842 and IFRS 16 diverge on lease classification, discount rates, short-term exemptions, and income statement presentation. If you report under both — or are switching — here’s what actually differs.

A reliable month-end close comes down to a repeatable checklist and the right supporting schedules. Here’s the full sequence — from Day 1 through final signoff — with specific focus on the technical areas that trip up growing finance teams.