How to Tackle ASC 842 Lease Accounting Implementation
Lease Accounting Implementation Lessons from the Front Lines
Complying with ASC 842, 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 lease accounting standard, their focus is shifting to leveraging process and technology to further automate their Day 2 requirements.
During this webinar, experts from Pine Hill Group, Global Tax Management, and LeaseAccelerator discussed overall readiness, implementation challenges, tax matters, technology considerations, and best practices for lease accounting compliance.
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- 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
- The potential impact the lease accounting standard may have on deferred, state, and international taxes
- Lease accounting software and technology considerations for Day 1 and Day 2
Lease Accounting & Finance Expert,
Pine Hill Group
Global Tax Management