ASC 842 for private companies and nonprofit organizations has been with us for almost one year and CFOs, controllers, and finance departments will shortly be faced with preparing their first set of accounts under ASC 842.
To become compliant, a company must not only collate, abstract, and validate all the lease data across the entire organization, but also implement the necessary processes, controls and systems required to enable them to accurately report under ASC 842 and maintain ongoing compliance thereafter.
In this webinar, finance, and technology experts from IRIS Software Group and Eide Bailly LLP explore the key aspects of ASC 842 and provide practical guidance to journal entries and disclosures in readiness for your first year's reporting.
Key Themes:
- Define lease terms and payments
- Journal entries
- Disclosures
