Efficient Management of ASC 842 in Perpetuity: Internal Accounting

Course Description

Join LeaseQuery as we review the policies, processes, and internal controls for organizations to consider incorporating for lease accounting post-transition to ASC 842.

Throughout the presentation, we will explore the new challenges and benefits involved with your ongoing lease accounting and how those may impact the business. Best practices for executing common lease transactions, month-end close and year-end reporting will also be discussed. We will wrap up by reviewing considerations for ongoing lease accounting compliance, including lease accounting training and solution maintenance.

Learning Objectives

• Identify key opportunities and advantages unique to post-transition lease accounting & management
• Describe best practices for effective month-end and year-end close policies and procedures
• Review the steps necessary to maintain the completeness and accuracy of your chosen lease accounting solution
• Discover the value of using software purpose built for lease accounting vs manually developed Excel spreadsheets

Prerequisites

• Knowledge of lease accounting under ASC 84

Who Should Attend

Accounting and finance professionals with a medium-to-high volume of leases as well as accounting and consulting professionals who work with those clients

Advanced Preparation

None

Presenters