Sage Fixed Assets and LeaseQuery: Best Practices for Lease Accounting Adoption

Course Description

With the deadline to transition to ASC 842 already here, private companies should not wait to begin their implementation or to develop a strategy to comply with the new standard.

During this webinar, presenters from LeaseQuery will review some of the key concepts from ASC 842 and common roadblocks companies may face during their transition. We will take a look at questions repeatedly asked throughout the adoption process including how to find embedded leases and how to determine the interest rate, as well as provide an overview of steps entities can take to complete their transition. Finally, we will examine what companies need to consider post-transition and walk through the policies and accounting processes your company can implement to be better prepared for lease accounting after adoption.
 

Learning Objectives

• Identify common challenges companies may face when transitioning to ASC 842
• Learn tips from companies who have already transitioned the best ways to find embedded leases and determine interest rates
• Walk through day 2 accounting and steps your company can take to prepare

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