IMA Webinar

Best Practices for ASC 842 Lease Accounting: What Controllers and CFOs Need to Know

Wednesday, April 24, 2019 at 01:00 PM Eastern Daylight Time

Duration: 60 minutes

Event Description

Ask any consultant what the toughest issue is for controllers and CFOs these days, and chances are it will be adopting the new lease accounting standard, ASC 842. Understanding the theory is one thing, but making it work in your books is another.

Join Rosaleen Pizarro and Jeremy Brinkerhoff, of CFGI, and Blake Oliver, of FloQast, as they share insights into the challenges for controllers and CFOs in adopting FASB’s latest standard for lease accounting. They’ll provide an overview of the change and share best practices for getting started, as well as how close management software can ease the transition and help your team move across the finish line.

Learning Objectives

After this webinar, you will be able to:

1. Summarize the key concepts and changes in the new lease accounting standard (ASC 842).
2. Identify the key steps of an ASC 842 implementation, such as lease software vendor selection, lease completeness, data gap analysis, day 1 calculations, software implementation, taxes, and disclosures.
3. State the recommended approaches and elections allowed during transition.
4. Recognize the key control implications and areas of risk.

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This complimentary CPE webinar is brought to you as an incremental benefit to your IMA membership as part of a partnership IMA has with the sponsor.

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