Are you prepared for upcoming lease accounting changes?
The ASC 842 deadline for private companies and nonprofits is fast approaching and will significantly impact how leases are accounted for within financial statements. Whether you have one lease or hundreds, every organization will need to identify, abstract, classify, account for, and manage leases throughout their term.
The pandemic has caused many companies to fall behind on adoption, but now is a great time to get back on track, learn implementation best practices, and how you can simplify compliance.
This webinar will cover:
- The basics of lease accounting and recent updates
- Requirements of the new lease accounting standard
- Potential risks and impacts
- Adoption and maintenance
- Automation solutions with a demo from LeaseCrunch