Industry professionals to gather in early June to discuss best practices for adoption of ASC 842, IFRS 16, and GASB 87 standards.

FORT WORTH– May 7, 2019 – LeaseAccelerator, the pioneer in Enterprise Lease Accounting software, announced today that it is the lead sponsor of the fourth annual Enterprise Lease Accounting Summit at The Worthington Renaissance in Fort Worth, TX on June 12. Home to many of LeaseAccelerator’s Fortune 1000 customers, the Dallas/Fort Worth area is a central location to discuss an issue that is critical to financial reporting. The summit will focus on helping financial, accounting and IT professionals successfully transition to the new ASC 842, IFRS 16 and GASB 87 standards.

This year’s summit will feature case studies of Fortune 1000 companies that have successfully transitioned to ASC 842 and IFRS 16. Attendees will be able to choose from over 20 different conference sessions on topics such as audit criteria, international reporting, discount rates, practical expedients, transition options, data abstraction, software selection and designing and operationalizing the close process. Sessions will be organized into two tracks, the first for companies that have not yet transitioned to the new standard and the second for those who are post-adoption.

Speakers at the 2019 summit will include project leaders from General Dynamics, AGCO, and International Flavors & Fragrances as well as lease accounting experts from big four and financial advisory firms, such as PwC and RGP.

“Lease accounting has fallen off the radar scope at many industry conferences in 2019 with the initial deadlines now passed, but the hard work is just beginning for large public companies as they transition from brute-force, day one tactics to more scalable, long-term strategies,” said Michael Keeler, CEO of LeaseAccelerator. “The journey is also just beginning for over 10,000 U.S. private companies that face a steep learning curve to adopt ASC 842 in the next 18 months. Non-profits health care providers, universities and government agencies will have an equally challenging road ahead as they prepare for GASB 87,” noted Keeler.

“The Enterprise Lease Accounting Summit is the only event 100% focused on the new global standards. It offers accounting and operational leaders a unique opportunity for peer-to-peer discussion about lessons learned and best practices,” said Tracy Henriques, Chief Customer Officer for LeaseAccelerator. “This year’s agenda is designed to serve any company wherever they might be in their lease accounting journey. We welcome public companies post-adoption who are unsatisfied with their current approach as well as pre-adoption privates, non-profits and government agencies seeking to learn from the experience of others,” said Henriques.

Registration is open to the public. Finance, accounting, treasury, and IT professionals at public, private, non-profit and government organizations are encouraged to register at: https://leaseaccountingsummit.com/. CPE credits are available.

About Enterprise Lease Accounting Summit:
Enterprise Lease Accounting Summit is the financial reporting industry’s largest conference dedicated to the successful adoption of ASC 842, IFRS 16, and GASB 87. The summit is open to finance, accounting, treasury, and IT professionals at public and private companies, as well as employees of accounting, financial advisory, and BPO firms. More information: https://leaseaccountingsummit.com/

About LeaseAccelerator:
LeaseAccelerator offers the market-leading Software-as-a-Service (SaaS) solution for Enterprise Lease Accounting, enabling compliance with the current and new FASB and IFRS standards. Using LeaseAccelerator’s proprietary Global Lease Accounting Engine, customers can apply the new standards to all types of leases including Real Estate, fleet, IT, and other equipment at an asset-level as required by FASB and IASB. On average, LeaseAccelerator’s Sourcing and Management applications generate savings of 17 percent with smarter procurement and end-of-term management. Learn more at http://www.leaseaccelerator.com/

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