Vice President, Global Alliances
Day Two, Monday, February 25, 2019
Lease accounting will continue to be one of the top projects for accounting organizations throughout 2019. Public companies who have already adopted the new Standards will need to transform their record-to-report processes in order to maintain complete and accurate lease data as part of the monthly close process, to prepare SEC disclosures, and to pass external audits for the first time under the new ASC 842 standard. Private companies will be busy writing accounting policies, inventorying lease portfolios, and implementing new systems as they race to comply before the end of year deadline. Although accounting teams will bear the brunt of the implementation, the long term impacts will be felt across the CFO’s organization from treasury to procurement.
Join the interactive discussion to hear how peers are approaching the new leasing standards including issues such as:
•Strategy - What are the benefits of leasing? Should you decrease your lease portfolio to keep liabilities off the balance sheet or increase leasing to benefit from its capital efficiency?
•Organization - Who owns your leasing program? Should you centralize lease accounting and administrative functions into a center of excellence?
•Technology - Will spreadsheets suffice? Should you invest in enterprise systems to reduce audit risk, accelerate the close process, and minimize new headcount costs?
•Budget - What is the cost of compliance? Should you pursue potential savings opportunities resulting from the new level of visibility and centralization around leasing?