How to Assemble Your Lease Portfolio

Course Description

To begin your organization’s transition journey to the new lease accounting standard, ASC 842, compiling a lease inventory is one of the first steps – and one of the most time consuming and resource intensive parts of the transition. However, experience has shown our lease accounting experts that breaking the task up into smaller steps, the process becomes more manageable and easier to accomplish.

Join us as LeaseQuery’s presenters take you through detailed steps for building your lease inventory, sharing tips and tricks learned along the way. We will discuss from whom and when to obtain a lease listing, the importance of determining scope early in the process, how to determine underlying asset classes, why setting materiality is so important, and more to help aid the beginning stages of your transition process.

Learning Objectives

• Learn simple steps for building your lease inventory
• Identify which leases are in scope under the new lease accounting standards
• Explore next steps to develop a plan for your transition

Prerequisites

• None

Who Should Attend

Accounting and finance professionals whose companies manage a medium-to-high volume of leases will benefit most from this event, along with CPAs who serve clients with a similar volume of leases.

Advanced Preparation

None

Presenters