Key Data Fields for Lease Accounting Compliance

For many organizations, capturing lease accounting data is the biggest implementation hurdle on the path to complying with the lease accounting standards. The number one reason why many lease compliance projects go over budget—and why project deadlines go into overtime—are the numerous challenges associated with collecting lease data. Experts will review why each data element matters, important lease abstraction best practices, and the ongoing lease accounting and administration required for leases. With this approach, you’ll be able to capture and manage the lease data you’ll need to ensure ongoing compliance. Viewers will:

• Understand the key data elements required from every lease

• Review the data elements to consider

• Gather the required information to ensure completeness and accuracy

• Learn abstraction best practices

• Manage ongoing accuracy of lease data with software