LeaseAccelerator to Share ASC 842 Best Practices at SAPinsider Financials
MAR 19, 2019 - 6:30 am
Lease accounting software creator LeaseAccelerator will join global industry leaders to discuss the strategies for long-term success with the new ASC 842 and IFRS 16 lease accounting standards at SAPinsider Financials 2019 on March 19th – 21st in Las Vegas.
Across three conference sessions, financial reporting and leasing experts will share insights on best practices for implementation, transition, and sustained compliance with the new standards.
Sessions will feature lessons learned from dozens of public companies who closed their books under ASC 842 during January and February. Lease accounting experts will cover the key challenges with subledger cutoff, reconciliation, and GL upload. Attendees will learn the best practices for testing accounting accuracy, defining a control framework, and ensuring completeness of the lease population.
LeaseAccelerator will also present educational lessons that drill into the struggles companies face when trying to achieve compliance with the new ASC 842 and IFRS 16 lease accounting standards. Attendees will learn the best practices from successful implementations with over 40 SAP-centric companies, including:
Data — Learn the fastest way to inventory leases, abstract key fields, and maintain completeness on an ongoing basis
Systems — Hear best practices for implementing a lease accounting software application and connecting it to your SAP GL, accounts payable, and other financial systems
Processes — Understand how to re-design processes for tracking new leases, modifications/reassessments, end of term, monthly close and quarterly reporting
Policies and Controls — Learn considerations for tracking lease changes, verifying asset existence, validating completeness, and maintaining segregation of duties
University of Pennsylvania organizational psychology professor Adam Grant once said, “The hallmark of originality is rejecting the default and exploring whether a better option exists.” Consider the story of eyeglass company Warby Parker. As college students buried in debt and... read more
Up until I spotted the iceberg looming ahead, it had been a perfectly nice voyage. The CEO and I were both excited to launch a new product in a growing field. However, after my repeated requests to find more beta... read more