Get answers to your most perplexing New Lease Accounting (ASC 842) post-implementation questions from experts at Google, Bristol-Meyers Squibb, DXC Technology and BDO.

SPEAKERS INCLUDE:

Barry Berkowitz, Technical Accounting, Google

Shelley Finn, Senior Financial Principal/Director, Accounting Policies, DXC Technology

Michael Hoffman, MBA, CPA

Timothy Kocses, Director, Technical Accounting, Bristol-Meyers Squibb

Angela Newell, National Assurance Partner, BDO

• Inventory of existing leases—especially those in foreign subsidiaries
• Lease contract modification
• Identification of lease and nonlease components
• Proper lease classification /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;}
• Lease and nonlease contract components, both fixed and variable
• Internal control changes to identify lease contract modification
• Collecting data for new disclosure requirements to meet closing process deadlines
• Key Initiatives Benefits of new leasing accounting software over EXCEL
• For foreign subsidiaries using IFRS, what adjustments are required for GAAP?
• What's the impact on SOX for public companies?

Get answers to your most perplexing New Lease Accounting (ASC 842) post-implementation questions from experts at Google, Bristol-Meyers Squibb, DXC Technology and BDO.

SPEAKERS INCLUDE:

Barry Berkowitz, Technical Accounting, Google

Shelley Finn, Senior Financial Principal/Director, Accounting Policies, DXC Technology

Michael Hoffman, MBA, CPA

Timothy Kocses, Director, Technical Accounting, Bristol-Meyers Squibb

Angela Newell, National Assurance Partner, BDO

• Recognize circumstances allowing a lessee to not capitalize a lease on their balance sheet

• Recognize the classification of leases for both lessees and lessors

• Identify the overall principle underlying the new leasing standard

• Identify the necessary components of a lease contract

• Identify the significance of a lessor’s right of substitution as it affects the lessee’s accounting for the lease

• Recognize the characteristics of a finance lease

• Identify the role of a lessee’s residual value guarantee on the commencement date recognition of the lease liability

• Identify the commencement date calculation of the lessee’s ROU asset and lease liability

• Recognize the circumstances under which a lessee’s payment for taxes and insurance would be included in the lease liability

• Recognize the circumstances under which a sale and leaseback transaction will qualify as a sale

• Identify the extent of lessee disclosures under Topic 842 relative to Topic 840

• Identify the circumstances under which a reporting entity may utilize the portfolio election

• Identify the option available to a lessee that selects the risk-free rate election as an accounting policy

• Recognize common pitfalls experienced by reporting entities which have already adopted the new lease standard

• Identify the accounting treatment of a lease modification that does not result in a separate new lease

• Recognize the applicability of impairment recognition to leases

• Inventory of existing leases—especially those in foreign subsidiaries
• Lease contract modification
• Identification of lease and nonlease components
• Proper lease classification /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;}
• Lease and nonlease contract components, both fixed and variable
• Internal control changes to identify lease contract modification
• Collecting data for new disclosure requirements to meet closing process deadlines
• Key Initiatives Benefits of new leasing accounting software over EXCEL
• For foreign subsidiaries using IFRS, what adjustments are required for GAAP?
• What's the impact on SOX for public companies?