For most public companies, the adoption deadline for Financial Accounting Standards Board’s (FASB’s) Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842) has already passed. Their focus now shifts from adoption to quarterly reporting under the new lease accounting standard. Private companies, however, are still preparing for their implementation of the new ASC 842 leases and should learn from public companies’ experience.
Whether your company has moved past its deadline crunch or is still approaching its implementation date, it should have a more comprehensive approach that satisfies compliance needs. The ASC 842 can dramatically impact your company’s business with all the leases placed on your balance sheet. A lease accounting compliance strategy that also allows you to provide efficiencies for other systems is a must.
In this LIVE CLE Webcast, accounting expert Stephen G. Austin (Swenson Advisors, LLP) and real estate attorney Alison R. Weinberg-Fahey (Manatt, Phelps & Phillips, LLP) will provide an in-depth analysis of the implications of the new guidance in ASC 842. Speakers will also provide the best lease accounting implementation strategies and compliance practices to help you ensure that your company remains compliant in the future.
Some of the major topics that will be covered in this course are:
- The New Lease Accounting Standard: Sweeping Implications
- Takeaways from Public Company ASC 842 Leases Implementation
- Best Compliance Practices
- Implementing ASC 842 Technology Solution
- Improvement Opportunities