Accounting for operating leases is SIGNIFICANTLY changing: Are you ready?
You may have heard about ASC 842 Accounting for Leases, requiring private companies and non-profits to track and disclose their leased assets.
And while this feels like yet another requirement facing you while you and your business or organization are dealing with uncertainty and other burdens, we recommend you start preparing now so it doesn’t become the ‘elephant in the room’ on January 1, 2022.
In our upcoming webinar, LSL Partners Mike Mangold, CPA & Gail Gray, CPA are joined by LeaseQuery’s Jason Parker, CPA to help you ‘slay the dragon’ of lease reporting. They’ll provide you an overview of the lease reporting requirements and how to start preparing to meet the deadline, including:
- Defining qualified leases and determining lease term
- Understanding your lease portfolio, digging through your data and finding pesky leases
- Choosing how you want to handle the complex calculations that are required to be reported and monitored
- Demonstrating how software technology can reduce time and risk to effectively comply
Who should attend:
Accounting & finance professionals in private businesses (including owners) and non-profits who are involved with their organizations’ lease management reporting.