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Lease Accounting will be the biggest project of the year in 2020 for the finance organizations at many private companies as they race to comply with the upcoming deadlines for ASC 842. Fortunately, there are many lessons that can be learned from the real-world experiences of public companies who adopted in 2019. In this session, the lease accounting project lead from a Fortune 500 company will share the top challenges, best practices, and key success factors with adoption. Topics will include:
Defining a project strategy
Abstracting lease data
Selecting new systems
Updating processes, policies, and controls
Creating a center of excellence
Learning Objectives:
Lessons learned from the public company implementations of ASC842
Learn about lease lifecycle management and planning
Speaker(s):
Len
Neuhaus,
CPA,
Vice President Lease Accounting,
LeaseAccelerator
