CMF19207. Lease Accounting 2020

Track: 
FPA Conference
Controller Conference
Manufacturing Conference
Field of Study: 
Accounting
CPE Credit: 
1.0
Knowledge Level: 
Overview
Advanced Preparation: 
None

Wednesday, November 20, 2019
 
7:00AM-7:50AM

Lease Accounting will be the biggest project of the year in 2020 for the finance organizations at many private companies as they race to comply with the upcoming deadlines for ASC 842. Fortunately, there are many lessons that can be learned from the real-world experiences of public companies who adopted in 2019. In this session, the lease accounting project lead from a Fortune 500 company will share the top challenges, best practices, and key success factors with adoption. Topics will include:

  • Defining a project strategy
  • Abstracting lease data
  • Selecting new systems
  • Updating processes, policies, and controls
  • Creating a center of excellence

Learning Objectives:

  • Lessons learned from the public company implementations of ASC842
  • Learn about lease lifecycle management and planning


SESSION SPEAKER(S)

CPA
Vice President Lease Accounting | LeaseAccelerator