CFO2207. Successful Implementation of the New FASB Lease Accounting Standards . . . the "Last Laps"

This session will focus on the remaining timetable to implement Topic 842…the FASBs New Lease Accounting standards.

As a co-author of six publications in the Journal of Accountancy over the last several years on this topic, Steve Austin will review the Top 10 Lessons Learned to expedite the process for those working toward implementation and controls for post implementation.

He will highlight a winning strategy to be efficient in the process with accuracy and quality control and to understand the sequence of events necessary to complete this on time in 2022 or 2023.

Learning Objectives:

• Analyze key highlights from implementing thousands of new leases
• Determine how independent auditors are testing Topic 842
• Identify how to leverage key lessons learned to find efficiency and completeness