The Road to Lease Accounting Implementation: Practical Tips and Strategies to Ensure You’re Compliant

Overview:

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 standard. Private companies, however, are still preparing for their implementation of the new standard 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 standard 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.

The Knowledge Group has assembled a panel of key thought leaders who will provide an in-depth analysis of the implications of the new ASC 842 lease accounting standard. Speakers will also provide the best 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 ASC 842 Lease Accounting Standard: Sweeping Implications
• Takeaways from Public Company Implementation
• Best Compliance Practices
• Implementing ASC 842 Technology Solution
• Improvement Opportunities

Who Should Attend:

• Chief Financial Officers
• Chief Accounting Officers
• Financial Controllers
• VPs and Directors of Finance
• VPs and Directors of Accounting
• Leasing Administrators
• Top Level Executives
• IT Executives