While many companies are rushing to meet the ASC 842 deadline, others are reconsidering their methodology as they face post-adoption or "Day 2" challenges.
Understanding these pitfalls will help you address the gaps within your approach. Ultimately, the wrong processes can lead to unnecessary risk, increase your accounting close cycle time and impact the preparation of your financial statements and disclosures.
In this session, you will learn how to plan for success with insight from lease accounting experts from Visual Lease and Baker Tilly, who are experienced in guiding 1,200+ Visual Lease customers and 150+ Baker Tilly ASC 842 implementations.
Topics discussed during this webinar include:
- Risk drivers for ASC 842 adoption
- Common implementation challenges
- Impacts on close cycle and financial statement preparation
- What auditors will expect
- Day 3 (lease optimization) considerations
