ASC 842: Top 5 lessons learned from real world projects

April 16, 2020 02:00 PM EDT
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For most private companies, implementing the new lease accounting standards likely will be the biggest projects controllers and financial accounting teams will tackle in 2020. With most real estate and equipment leases moving onto the balance sheet, corporate leasing programs will undergo much more scrutiny from auditors and board members than ever before. Companies will need to revisit their leasing programs, potentially making significant changes to systems, processes, policies, and controls.

During this webinar, lease accounting experts Len Neuhaus and Matt Bartley from LeaseAccelerator will share best practices and real-world lessons learned from public companies that have already adopted the lease accounting standards

Key Learnings
· How to budget, plan, and staff your company’s lease accounting implementation of new standards to achieve day-one compliance by the deadline
· Types of policy elections, practical expedients, and transition accounting strategies most companies are considering
· How to take an inventory of your leases, and where to find the information your company requires to account for leases and
· Lease accounting systems companies will need to deploy to get compliant and stay compliant, and how these systems will interact with your general ledger, accounts payable, and fixed asset applications

Key Speakers
  • Danielle Lee, managing editor of Accounting Today, previously served as technology editor of Accounting Today and editor-in-chief of AccountingTechnology.com. Prior to that, she held the role of senior editor. Before joining SourceMedia, Danielle covered the emerging corporate responsibility movement for CRO (Corporate Responsibility Officer, now CR) magazine as executive editor and worked for a range of entertainment and lifestyle publications in Los Angeles, including industry trade magazine TelevisionWeek. She holds a bachelor's degree in print journalism and a minor in cinema/television from the University of Southern California.
    December 14
  • Len Neuhaus, CPA, is vice president of lease accounting at LeaseAccelerator.
    February 7
  • Director, Lease Accounting Solutions, LeaseAccelerator
    March 17