Key Technical Accounting Changes and Implementation Considerations

ASC 842 brings most real estate and equipment leases onto the balance sheet, resulting in corporate leasing programs facing much more scrutiny from auditors and board members than ever before. Companies will need to understand the ins and outs of the technical side of ASC 842, as well as the practical considerations of how to comply with the standard.

Lease accounting experts from LeaseAccelerator and RSM provide a technical accounting overview of the ASC 842 lease accounting standard and discuss the system requirements to achieve and maintain compliance with the standard.

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Key Learnings

  • How to allocate lease and non-lease components
  • Transition options and practical expedients
  • New qualitative and quantitative disclosures
  • Difference between lease accounting software and spreadsheets
  • How to leverage your existing real estate system

Presenters

Scott Vanlandingham, RSMScott Vanlandingham
Principal – Consulting,
RSM US LLP

Iyaye Amabeoku, RSMIyaye Amabeoku
Senior Manager – Technical Accounting,
RSM US LLP

Michael Gregorski, RSMMichael Gregorski
Technical Accounting Consultant,
RSM US LLP

Alex Klein, Solution Consultant, LeaseAcceleratorAlex Klein, CPA
Solution Consultant,
LeaseAccelerator