Secrets to Success: Implementing the New ASC 842 Lease Accounting Standards

October 16th
2:00 pm ET | 1:00 pm CT | 11:00 am PT

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The new Financial Accounting Standards Board (FASB) lease accounting standard, ASC 842, goes into effect January 2019 for public companies with a calendar year end. Is your company ready? The standard changes the accounting guidance for virtually all leases – from real estate to equipment.

To help manufacturers understand the new standard and prepare, Michael Keeler, CEO of LeaseAccelerator, will lead an educational webinar to share the secrets of a successful lease accounting project. Drawing upon lessons learned from over 100 real-world implementations of discrete and process manufacturing companies, Michael will share best practices on achieving day one compliance, including:

  • Staffing the project team
  • Defining system requirements
  • Testing the accounting outputs

He will also discuss long-term strategies for sustaining lease accounting on day two and beyond, including building a leasing center of excellence, redesigning lease management processes, and automating the record-to-report cycle.

Meet the Presenter

Michael Keeler

CEO, LeaseAccelerator