Making a Smooth Transition to the New Lease Accounting Standard: An Expert Industry Panel Webinar (3.5 Hours)

Join our panel of the nation's foremost authorities to learn all you need to know to about tackling the challenges of implementing the New Lease Accounting Standard.

Moderator Ashima Jain (PwC Managing Director, a lease accounting specialist with over 10 years of experience) heads a panel of top industry specialists, including Barry Berkowitz, Technical Accounting, Google; Sima Basher, Director of Accounting & Reporting, Otsuka America Pharmaceutical, Inc.; Sallie Nold, VP of Accounting Policy, Bank of America; and other leading experts. 

Together, they will discuss real-world experiences and the latest success strategies for dealing with the New Standard, and show you step-by-step how to effectively handle the changes.
 

AGENDA HIGHLIGHTS

•  Implementation at Bank of America
   – Lease population and transition impact
   – Processes, considerations and challenges
   – Alphabet approach to ASC 842 implementation
      – Alphabet by the numbers
      – New Leases Standard—lease accounting change journey
      – Challenges with our population

• ASC 842 Leases—planning, replanning and coping
   – Cisco lease numbers and ROU assets by category
   – The marathon timeline
   – Learnings from practical approach to design for the future

• Practical implementation matters, including systems, IT and software

• Future state vision for leasing

• Leasing target operating model

• Challenges presented by the New Leasing Standard
   – Gathering a full inventory of all leases
   – Data requirements and common challenges
   – Selecting the right software
   – Dealing with a decentralized organization
   – System implementations
   – EQ leasing data

• Establish completeness of the lease population

• Approach: assess, gather and validate required data elements

• Four common challenges clients are facing with software selection

• Key considerations per phase
   – Assess
   – Design
   – Transform

LEARNING OBJECTIVE  To show financial professionals how to handle the challenges of implementing the New Lease Accounting Standard
by providing the latest, proven success strategies from a panel of top industry leaders. 

PREREQUISITE  None.    ADVANCE PREPARATION  None.    PROGRAM LEVEL  Update.    NASBA FIELD OF STUDY  Accounting.
DELIVERY METHOD  Group Internet-Based.