What Every Project Manager Needs to Know About Implementing ASC 842
- 1. WHAT EVERY PROJECT MANAGER NEEDS TO KNOW ABOUT ASC 842 IMPLEMENTATION COMMON COMPLIANCE AND IMPLEMENTATION OBSTACLES AND HOW TO AVOID THEM APRIL 4, 2019
- 2. You’ll Learn… DATA ABSTRACTION Learn how to identify data elements that wasn’t commonly abstracted under ASC 840, and how they could result in “got-ya’s” under ASC 842 if they aren’t captured. TESTING THE APPLICATION Why you need to develop independent calculations standards to validate the results of the system being implemented. CROSS DEPARTMENT IMPACT Why departments in an organization should work together and the implications of the new lease accounting standards on departments in the organization. INTEGRATE & AUTOMATE JOURNAL ENTRIES. How to deal with the challenges of automatically generated ASC 842 journal entries posting into your accounting system of record. SATISFY AUDIT REQUIREMENTS Why you need to engage with internal AND external auditors to ensure their input/buy-in on controls being created for the new processes and accounts. DATA STANDARDS Why you need to develop data abstractions standards and how they can help you avoid re-abstractions and re-work. LEASE PORTFOLIO CONSOLIDATION How to identify the complete lease population and provisions of the accounting standard and how they impact lease obligations on the Balance Sheet! FINANCIAL DISCLOSURE REPORTING Why you need to test in-scope reports and develop standards to test disclosure reports.
- 4. During the webinar you'll also receive a free Project Roadmap, Timeline Calculator and Project Plan to guide your implementation. PROJECT ROADMAP TIMELINE CALCULATOR PROJECT PLAN