New Lease Accounting Standard (ASC 842) Post-Implementation Issues Webinar (4 Hours)

Overview: 

Implementing the New Lease Accounting Standard (ASC 842) has created unexpected challenges for businesses, impacting everything from maintaining an inventory of existing leases in US and foreign subsidiaries, to ensuring internal controls are effective. In this timely webinar, a panel of experts from major companies will address major post-implementation concerns, including:

  • Identifying major post-implementation challenges
  • Applying guidance on lease contract modifications
  • Effective internal control and processes

    ...and much more

Objective: 

Get answers to your most perplexing New Lease Accounting (ASC 842) post-implementation questions from experts at Google, Bristol-Meyers Squibb, DXC Technology and BDO.

 

SPEAKERS INCLUDE:

Barry Berkowitz, Technical Accounting, Google

Shelley Finn, Senior Financial Principal/Director, Accounting Policies, DXC Technology

Michael Hoffman, MBA, CPA

Timothy Kocses, Director, Technical Accounting, Bristol-Meyers Squibb

Angela Newell, National Assurance Partner, BDO

 

Emphasis: 

  • Inventory of existing leasesespecially those in foreign subsidiaries
  • Lease contract modification
  • Identification of lease and nonlease components
  • Proper lease classification
  • Lease and nonlease contract components, both fixed and variable
  • Internal control changes to identify lease contract modification
  • Collecting data for new disclosure requirements to meet closing process deadlines
  • Key Initiatives Benefits of new leasing accounting software over EXCEL
  • For foreign subsidiaries using IFRS, what adjustments are required for GAAP?
  • What's the impact on SOX for public companies?
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Prerequisite: 

Basic knowledge of ASC Topic 842.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Intermediate.

CPE Credit: 
4.00
NASBA Field of Study: 
Accounting