ASC 842 & GASB 87 Leasing Compliance: 6 Steps To Prepare

Comply with the GASB 87 standards Compliance with the lease accounting standards applies to every organization subject to the rules of the Financial Accounting Standards Board (FASB) and Governmental Accounting Standards Board (GASB), regardless of size. Even if you only have a few leases, you still need to go through the process of identifying, abstracting, classifying, properly accounting for and managing your leases throughout their terms. Join this webinar to hear lease accounting experts from EZLease discuss how to take the first steps toward leasing automation and how to go beyond spreadsheets to meet your compliance goals quickly and effectively. With so many lease accounting changes required to go in effect this year, these timelines and best practices will help you to simplify compliance with the FASB and GASB deadlines. Learning objectives:

• How to comply with ASC 842 and GASB 87 with a small team

• The FASB and GASB requirements of the expanded lease definition

• Achieving compliance on the transition date and beyond

• Understanding data collection and extraction

• Tools you can use to automate compliance