The deadline for private companies to implement the new FASB lease accounting standard was recently extended to allow more time for implementation. What are recent challenges and lessons learned? We’ll discuss:
Common challenges private companies have reported, including aligning implementation efforts with accounting policies, identifying reliable lease data, and testing lease accounting software.
Practical ways that companies are addressing these and other challenges.
Some typical technical issues companies are facing.
A look ahead, including technology considerations, insights on data abstraction and migration, and crossing the implementation finish line.
Participants will consider implementation challenges that other private companies have faced, explore innovative solutions, and consider practical steps for completing their implementations.