Opening Session of NRTA’s Fall 2024 Classroom LIVE zooms in with a detailed discussion of the top lease accounting challenges that companies often encounter.
In a nutshell.
The implementation of new lease accounting standards, such as ASC 842 and IFRS 16, has brought several challenges for organizations. National Real Estate Tenants Associations’ upcoming new Classroom LIVE Series takes a comprehensive look at the top lease accounting challenges that companies often encounter TODAY:
1. Lease modifications and amendments
2. Internal controls and processes
3. Reporting criteria and communication of information
4. Transitioning from Old to New Lease Standards
5. Lease accounting Software Implementation and data migration
Accounting rules for lease accounting in the US are set by the Financial Accounting Standards Board (FASB) in the lease accounting standard, ASC 842.
Accounting methods and terminology stem from that 200-page document.
For a complete understanding of ASC 842 lease accounting rules and interpretations, someone with an accounting degree and experience would need to review approximately 4,000 pages of information — and even that would not cover all of the real-world scenarios that could become YOUR reality.
Register now for this Top Five Lease Accounting series that starts October 10, 2024. Four experienced industry speakers will lead the discussion.
Session 1 is the first part of NRTA’s TOP 5 Fall Educational Training Series.
Seating it limited to assure valuable, interactive, one-on-one dialogue and peer-to-peer networking among speakers and participants.