Accounting Tech Innovation Summit Recap

LeaseQuery’s virtual Accounting Technology Innovation Summit (#ATISummit) had an incredibily talented lineup of speakers from the accounting, financial, and tech sectors — including Goldman Sachs, FASB, GASB, AICPA, and various other industry thought leaders. All sessions from the free two-day virtual event are available below for on-demand viewing.

Accounting Tech Innovation Summit | Day 1

Managing Through a Financial Crisis

George Azih – LeaseQuery CEO and Founder

Susie Scher – Goldman Sachs, Co-Head of the Global Financing Group

Continuous Accounting – How Automation is Driving Innovation

Jim Perry – Infor, Sr. Director, Product Management, Financials

As the demands on accounting and finance teams grow, so too does the need to focus strategically on your business with real-time financial intelligence. This requires a shift away from batch processing to real-time updates and native, automatic reconciliations. By implementing a continuous accounting framework, organizations can leverage RPA to automate repetitive tasks, distribute work across an accounting period, and use data-driven insights to optimize performance.

Compliance and Beyond: The Value of Lease Accounting Software

Jason Parker – LeaseQuery, Accounting Solutions Manager

In this webinar, the LeaseQuery team will present the key features and functionalities available in lease accounting software that provide value to your organization beyond compliance. We will cover how the right lease accounting software can enable inter-departmental collaboration while supporting internal controls. A robust reporting suite allows you to draw insight from your lease data and also provides lease management capability. Our accounting experts will demonstrate how a lease accounting software can enable improved efficiency and cost-saving benefits to your company.

Revenue Recognition Under ASC 606

Steve Kovac – Softrax, Vice President of Customer Success

Steve Kovac gives an overview of revenue recognition requirements under the ASC 606 standard. You will learn several approaches to ASC 606 implementation, common pitfalls that companies face when adopting the new guidance, and strategies to survive and thrive during the transition.

Adopting ASC 842 One Bite at a Time

Theresa Brown – Armanio, Partner, Consulting

Tom Brunton – Armanio, Senior Director, CFO Advisory

The deferral by FASB of ASC 842 has given companies additional time to adopt the new standards. In this session, we will discuss how companies can take advantage of this time by building out a phased approach allowing your organization to have a manageable transition plan. A key aspect of the new standard includes a requirement for lessees to recognize both operating and finance (capital) leases on the balance sheet which requires companies to be more thorough with their reporting on leases, including ongoing monitoring and oversight. This change can be disruptive and time consuming to your company so an efficient process will lighten the workload while keeping you compliant.

Accounting Tech Innovation Summit | Day 2

Tackling Accounting Challenges with Technology

George Azih – LeaseQuery CEO and Founder
Mike Cheng CPA, National Professional Practice Partner, Frazier & Deeter; Former Senior Project Manager, FASB – Private Company Council Coordinator
Kristy Illuzzi CPA, Senior Manager and Staff Liaison to the Technical Issues Committee, FASB
David Sundstrom CPA, CIA, Senior Consulting Manager, Eide Bailly; Former Board Member, GASB

Using Synthetic Leases to Mitigate the ASC 842 Impact of Long-Term Leases

Bob Malinowski – RSM, Senior Director, Technical Accounting Consulting

In this session, we will discuss the meaning of the term “synthetic” lease and how synthetic lease structures can be used as an alternative to either long-term leases or purchasing assets outright. We will also explore how sale-leaseback and build-to-suit transactions can be employed with synthetic lease structures.

Modernizing your Approach to A/P & Invoice Management

Greg Miller – Vroozi, Vice President, Business Development & Mid-Market Sales

Everything you do at home is digital. So why are so many businesses still relying on paper-based AP and procurement processes at work?

Join us to learn why manual approaches to AP and invoice management simply aren’t cutting it in today’s environment – and how to streamline traditional processes through the power of digitization.

Best Practices for Streamlining the Month-End Close

Thomas Grigely – FloQast, Channel Manager

Especially in businesses’ new virtual norm, employee collaboration, task management, ensuring completeness and staying audit ready are essential. Join FloQast to learn best practice strategies to speed and streamline your month-end close in a remote environment. You’ll learn tips and tricks to empower your staff to be more efficient without the need to micromanage.

Closing Session – Fireside Chat

All Session Leaders

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