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