ASC 842 Lease Accounting: Key Implementation Considerations and Best Practice Operational Insights

The new lease accounting standard, ASC 842, impacts companies of all sizes and industries who have entered into leases. The purpose of the standard is to bring lease obligations to the forefront. Based on our experience working with companies who have already adopted ASC 842, assessing the business impact and implementing the standard can be complex and time consuming.

Whether your company has already adopted the standard or are just beginning to assess the impact, please join MorganFranklin Consulting as experts from our Technical Accounting Solution Center (TASC) hold a panel discussion to share key considerations when managing the implementation of the new lease accounting standard and best practice insights to effectively operationalize the standard.

Topics covered in this on-demand webinar include:

• Recent changes to ASC 842 and accounting for concessions
• Managing your implementation, including practical considerations
• Post-implementation observations and hurdles in operationalizing the standard
• Internal control considerations
• Participants who attend this webinar will be eligible to receive 1 hour of CPE credit in the field of Accounting.

Learning Objectives: 

• Understand recent changes to ASC 842 and the FASB Staff Q&A regarding accounting for lease concessions due to the impact of the COVID-19 pandemic
• Identify key factors that should be considered when assessing the impact of ASC 842 to your business and adopting the standard
• Understand “lessons learned” to assist in operationalizing ASC 842 in your business environment
• Identify potential adoption and operational internal control risk considerations and mitigation strategies