Public company lease accounting: Time for the final sprint Bookmark has been added
Public company lease accounting: Time for the final sprint
Transactions & Business Events
October 23 | 2 p.m. ET | 18:00 GMT
Host: Andy Fike, partner, Deloitte & Touche LLP
1 Overview CPE credit | Specialized Knowledge
The effective date for the Financial Accounting Standard Board’s (FASB) new lease accounting standard is almost here. What implementation hurdles do US publicly traded companies still face in the final sprint? We’ll discuss:
- Ongoing challenges, including operating model and organizational behavioral changes necessary for adoption of the new standard.
- IT challenges, including globally scattered data and issues with financial software being able to centralize and apply appropriate accounting to lease data.
- Post-implementation questions, including how to continually improve compliance processes and deciding other uses for lease data once it is centralized.
Participants will explore what other companies are doing to overcome implementation challenges before the new standard goes into effect.