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Replays

On-Demand | Lease Accounting 2.0

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The Next Evolution of Lease Accounting

Leveraging Robotic Process Automation for Long-Term Success

Many companies have completed their initial lease accounting project with varying degrees of success, but are now becoming aware of serious challenges that have been revealed:

  • Scaling the ongoing collection and updating of lease and asset data
  • Applying judgements, policies, and controls consistently through automation
  • Leveraging technology rather than people to reduce risk and cost

Watch this educational webinar to learn how fully automating key lease accounting processes reduces risk, complexity, and cost as part of a reliable and accurate monthly close process.

A panel of lease accounting experts share real-world examples and discuss how companies are leveraging automation — including robotic process automation (RPA) — as opposed to manual workarounds to achieve and maintain long-term compliance.

Discussion topics include:

  • Using RPA to apply effective governance
  • Using automation to ensure lease data accuracy and completeness
  • Integrating fully digitized leasing into the global close process

On-Demand | Lease Accounting – Where Do We Go from Here?

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How to Achieve Sustainable ASC 842 Success

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The time is now for private companies to start preparing for the new lease accounting standards, ASC 842 and IFRS 16, which take effect starting with fiscal years after December 15, 2019.

For most private companies, implementing the new leasing standards likely will be the biggest projects that controllers and financial accounting teams will tackle in 2019. With most real estate and equipment leases moving onto the balance sheet, corporate leasing programs will undergo much more scrutiny from auditors and board members than ever before. Companies will need to revisit their leasing programs, potentially making significant changes to systems, processes, policies, and controls.

During this Webcast, a panel of lease accounting experts will share best practices and lessons learned from public companies that have already adopted the standards. We will discuss:

  • How to budget for, plan, and staff your company’s implementation of the new standards to achieve day-one compliance by the deadline,
  • What types of policy elections, practical expedients, and transition accounting strategies most companies are considering,
  • How to take an inventory of your leases, and where to find the information your company requires to account for leases, and
  • What new systems companies will need to deploy, and how these systems will interact with your general ledger, accounts payable, and fixed asset applications.

On Demand | How to Tackle ASC 842 Implementation

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Lease Accounting Implementation Lessons from the Front Lines

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Complying with the new lease accounting standard is a major challenge for both public and private companies.  While many private companies remain focused on their revenue recognition efforts, they also need to get organized for lease implementation.  And now that most public companies are in their last stages of implementing the standard, their focus is shifting to leveraging process and technology to further automate their Day 2 requirements.

During this webinar, learn:

  • Practical advice on how to begin and effectively manage the transition to the new lease accounting standard
  • The implications of the new lease accounting standard on operations and reporting on lease activity, including both explicit and embedded leases
  • What potential impact the standard may have on deferred, state, and international taxes
  • Technology considerations for Day 1 and Day 2

On-Demand Webinar | How Healthcare Organizations Can Prepare for ASC 842 / GASB 87 / IFRS 16

By | Replays

Preparing for compliance under the new leasing accounting standards — ASC 842, GASB 87, and IFRS 16 — poses a major undertaking for hospitals and health systems. Implementing these new leasing standards will likely be the biggest project that controllers and financial accounting teams will tackle in 2019.

During this webinar, lease accounting experts from RGP Healthcare and LeaseAccelerator discuss how healthcare entities can avoid first timer implementation mistakes (lessons learned from public companies) and share the critical milestones for ensuring successful adoption of the new lease accounting standards.

You will learn:

  • What is the impact of the new lease accounting rules?
  • What key decisions/data are required to start your implementation?
  • What common implementation pitfalls can be avoided?
  • How do you budget, plan and staff to achieve Day 1 compliance by the upcoming deadline?
  • What considerations need to be made for ensuring Day 2 and beyond compliance?

On-Demand Webinar | Preparing for the New Lease Accounting Standards

By | Replays

What Private Companies Should Know

About the New Lease Accounting Standards

The time is now for private companies to start preparing for the new lease accounting standards, ASC 842 and IFRS 16, which take effect starting with fiscal years after December 15, 2019.

For most private companies, implementing the new leasing standards likely will be the biggest projects that controllers and financial accounting teams will tackle in 2019. With most real estate and equipment leases moving onto the balance sheet, corporate leasing programs will undergo much more scrutiny from auditors and board members than ever before. Companies will need to revisit their leasing programs, potentially making significant changes to systems, processes, policies, and controls.

During this Webcast, a panel of lease accounting experts will share best practices and lessons learned from public companies that have already adopted the standards. We will discuss:

  • How to budget for, plan, and staff your company’s implementation of the new standards to achieve day-one compliance by the deadline,
  • What types of policy elections, practical expedients, and transition accounting strategies most companies are considering,
  • How to take an inventory of your leases, and where to find the information your company requires to account for leases, and
  • What new systems companies will need to deploy, and how these systems will interact with your general ledger, accounts payable, and fixed asset applications.

On-Demand Webinar | Uncover Savings with Competitive Sourcing

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How to Save 6%-12% On Your Equipment Lease Programs

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With over 80% of U.S. companies leasing some or all their equipment, lease sourcing is a strategic component of capital management, but remains a complicated process. Comparing bids is extremely difficult and the negotiating process can be costly, tedious and time-consuming. As a result, it’s still difficult to ensure that you’re getting the optimal financing rates and contract terms.

Please join LeaseAccelerator for a live educational webinar to learn how procurement sourcing teams are using automation to save 6-12% on their equipment lease programs.

During the webinar, finance and electronic marketplace experts, Ingemar Lanevi and Bob Solomon, will lead a discussion and share real-world case studies on how companies are using a new sourcing technologies and methods to significantly reduce costs and uncover hidden savings.

You will learn how to:

  • Use state-of-the art sourcing technology to streamline proposal and ranking processes
  • Generate and distribute RFPs in days not weeks
  • Ensure competitive bidding by engaging multiple lessors
  • Standardize lease terms and conditions for “apples-to-apples” comparison

About the Presenters

Ingemar Lanevi

VP Finance & Capital Markets, LeaseAccelerator and former Fortune 500 VP and Corporate Treasurer

Bob Solomon

CEO, Software Platform Consulting, Inc. and former VP at Ariba

On-Demand Webinar | Real Estate Lease Accounting and Administration

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Real Estate Lease Accounting & Administration

for ASC 842 & IFRS 16

Understanding the Hidden Complexities – Policy Elections, Practical Expedients, and System Considerations

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Presentation Topics

Technical Accounting

This covers complex topics including:

  • Asset retirement obligations
  • Lease and non-lease components
  • Reassessments, modifications, & remeasurements
  • Variable rents

System Requirements

A lease accounting system should track:

  • Asset-level detail
  • Standalone observable prices
  • Business context for payment change
  • Changes to end-of-term plans

Featured Speakers

Mark Koppersmith

Mark Koppersmith

Finance & Lease Accounting Expert & Vice President

Mark is recognized for his expertise in the new lease accounting standards, ASC 842 and IFRS 16. He has over 30 years of experience in finance and accounting, primarily at various telecommunications firms where he managed extensive corporate real estate portfolios. Mark has held the position of Vice President at Razorsight Communications, XO Communications, and eSpire Communications.

Scott Silver

Real Estate Leasing Expert & Solution Consultant

Having run his own lease audit consulting firm for 15 years, Scott is nationally recognized for his expertise in conducting real estate lease audits on behalf of office, retail, and industrial tenants. Scott has over 30 years of experience with real estate programs at companies like CBRE, Deloitte, and JLL, where he held portfolio management, lease consulting, and property controller roles.