Planning for 2020: LeaseLifecycle 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 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 learnedfrom public companies
- The value of lease lifecycle management andadministration
- Interpretation of lease lifecycle reporting andanalytics for greater insights into terms andcosts of leases
- Leveraging lease accounting software forautomating the management of leases, assetsand sustainable compliance
Len Neuhaus, CPA
VP Lease Accounting,
Bruce Lynn, CTP