Planning for 2020: Lease Lifecycle Management
With the introduction of the new lease accounting standards there is now significant compliance risk associated with managing your lease program as part of the accounting close process. A poorly planned lease accounting program can easily end up impacting corporate plans, in addition to being very costly when you evaluate the full lifecycle of a lease.
Lease accounting experts from LeaseAccelerator and the Financial Executives Consulting Group (FECG) discuss how automating end-to-end lease lifecycle management and administration reduces cost pressures, ensures completeness and accuracy of data, minimizes FTE burdens, and offers the best support for sustainable lease accounting compliance.
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- Summary of lease accounting lessons learned from public companies
- The value of lease lifecycle management and administration
- Interpretation of lease lifecycle reporting and analytics for greater insights into terms and costs of leases
- Leveraging lease accounting software for automating the management of leases, assets and sustainable compliance
Len Neuhaus, CPA
VP Lease Accounting,
Bruce Lynn, CTP