ASC 842 Lease Accounting Compliance – Key Data & Policy Decisions | CoStar

Presented by CoStar and Financial Executives International
 1 CPE Credit Accounting

ASC 842 is already in effect for public companies, but non-public companies are now focused on compliance efforts with their deadline looming at the end of 2021.  Collecting lease data and setting lease accounting policies upfront are key steps in the compliance process.  This webinar will describe the following topics that companies should address:
  • Collecting complete and accurate lease data
  • Utilizing practical expedients offered by ASC 842 to make adoption easier
  • Combining or separating lease and non-lease components
  • Collecting discount rates and fair market values to apply to lease accounting calculations
  • Applying materiality thresholds
  • Establishing and maintaining internal controls 

Some public companies have already changed policies since initial adoption.  We will discuss what non-public companies can learn from them.  Collecting the right lease data and making the right lease accounting policy decisions upfront sets the stage for smooth ASC 842 compliance.
                         
 3 major learning points:                     
 1) Lease Accounting Compliance
 2) Making the right lease accounting policy decisions
 3) Adoption of ASC 842                         
                           
 Questions? Contact FEI's Professional Development Department at conf@financialexecutives.org or 973.765.1029

By registering for this professional development event, you provide consent to FEI to share your contact information with the organizer/sponsor, who may use it to communicate directly regarding this opportunity and/or other products/services.

Speakers

Katherine Huh

Consulting Services Partner
PwC

Matt Waters

Director
CoStar

Credits

1.00 CPE
Basic

Method

group-internet-based

Field

Accounting, Technical

Prerequisites

None

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