Join LeaseQuery as we review the policies, procedures, and internal controls for organizations to consider incorporating for lease accounting post-transition to ASC 842. Throughout the presentation, we will explore the various departments involved with your ongoing lease accounting and the roles each of those departments fulfills. Real-life application of policies, procedures, and internal controls for common lease transactions and month-end close will also be presented. We will wrap up by reviewing considerations for ongoing lease accounting compliance, including lease accounting training and solution maintenance. 

Learning Objectives: 

• Recognize the importance of establishing a team and processes to support lease accounting post-transition 


• Give examples of processes to follow when accounting for a new lease under ASC 842 


• List lease accounting considerations to evaluate for an effective month-end close and what ongoing training may be required 


• Identify steps to take to maintain the completeness and accuracy of your chosen lease accounting solution