How to Achieve Sustainable ASC 842 Success
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, 2020.
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 and 2020. 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 shares best practices and lessons learned from public companies that have already adopted the standards.
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- The current state of readiness amongst public companies
- Tackling new challenges like tracking changes to the lease portfolio
- Transitioning to a sustainable, long term model for success that leverages systems, processes, and controls to ensure accuracy and completeness
VP Lease Accounting,
SVP & Research Director,