10 Steps to ASC 842 Compliance within NetSuite
Course Description
Whether you have several or several hundred leases, transitioning to the new lease accounting standard may take longer than you think. Do you know your first step towards compliance?
Join our interactive CPE workshop, where LeaseQuery for NetSuite accounting experts will walk through how to successfully transition to the new lease accounting standard, ASC 842, within NetSuite. We will highlight 10 detailed steps your organization can take to transition, helpful resources to ensure your transition goes smoothly from start to finish, and the importance of utilizing a software to reduce time, resources and risk associated with implementation, and encourages integration with your ERP.
Learning Objectives
- Identify the necessary steps to successfully transition to the new standard
- Understand the value and accounting benefits of using a solution built for NetSuite
- Learn specific calculations to perform to help ensure your lease portfolio is complete
- Explore the various features available in lease accounting solutions and begin determining which are necessary for your organization
- Recognize potential resources to help simplify the transition process and maintain compliance post-transition
Prerequisites
- None
Who Should Attend
Accounting and finance professionals using Netsuite at a private company managing medium-to-high volume of leases as well as accounting and consulting professionals who work with those clients.
Advanced Preparation
None
Presenters
Amanda Payne
Amanda Payne is a Technical Accounting Manager at LeaseQuery and has helped onboard about 400 organizations, representing roughly 15% of the LeaseQuery client base. Starting with LeaseQuery in its infancy stage, Amanda has been an integral part of rolling out both accounting and system functionality, and explaining the nuances of ASC 842, IFRS 16, and GASB 87. Amanda began her career at EY in assurance services working with clients in the public, private, and nonprofit sectors. There she was responsible for presenting to client management and assurance teams in the Americas, India, and Egypt.”
Abdi Ali
As a former Grant Thornton audit associate, Abdi assisted in the audits of various publicly traded and privately held clients. He also has notable experience as a general ledger accountant. In Abdi’s current role as an Accounting Manager at LeaseQuery, he demonstrates the product to prospective clients and serves as a resource to current clients looking for guidance on understanding and implementing the new lease standards.
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Date & TimeJun 15, 2022 – 1:00 PM ET |
Course Information
| COST | FREE |
| CREDITS | 1.00 hours |
| SUBJECT AREA | Accounting |
| COURSE LEVEL | Basic |
| DELIVERY METHOD | Group Internet Based |
Register for this webinar below.
SPONSOR STATEMENT
LeaseQuery is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBAregistry.org.
For more information regarding administrative policies such as complaints, please contact CPEinfo@leasequery.com.
PROGRAM CANCELLATION POLICY
If a program is cancelled, LeaseQuery will notify registrants via the email address that they used to register for the program.