This webcast aired on June 15, 2021.
CPE Credit(s): 1
When FASB and IASB first announced the lease accounting standards ASC 842 and IFRS 16, respectively, companies scrambled to pull together their lease data and implement procedures and tools to generate the required disclosures.
But as leases changed, many companies struggled to maintain compliance as they didn’t realize the complexity of managing leases, accounting for changes throughout the year, and the implications these requirements would have on cross-functional teams outside accounting.
In this webinar, we will discuss:
- The common roadblocks to sustainable – and auditable – lease accounting compliance
- The ongoing changes companies must account for
- The impact of day 2 requirements on cross-functional teams
- The critical role of technology in streamlining workflows and maintaining compliance
Joe Fitzgerald, SVP, Lease Market Strategy, Visual Lease
Rosemary Courtney, Senior Technical Accountant, Product, Visual Lease