FASB's ASC 842 substantially impacts how companies (private, public, and non-profit) account for leases in their financial statements. The new lease accounting standard brings all leases onto your balance sheet, in an effort to increase the transparency and visibility of an organization's lease liabilities.
The Fundamentals of ASC 842 Compliance webinar will give you an overview of ASC 842, what changes to expect, and practical examples so you can learn by doing. Lease accounting implementation and ongoing maintenance of the new standard requires a working knowledge of the changes, an understanding of updates to your journal entries, and collaboration with your real estate team.
Learning Objectives:
- Define the ASC 842 standard
- Give examples of practical initial recognition for finance and operating leases
- Identify best practices and ongoing journal entry maintenance tips
Lauren Bahr
Occupier
Vice President, Finance
[email protected]
Lauren Bahr is a Certified Public Accountant living in St. Louis, Missouri. She started her career in the PwC audit practice. After PwC, she joined a consulting firm and assisted companies in navigating complex technical accounting matters and streamlined their monthly close processes. Prior to joining Occupier, she was responsible for implementing ASC 842 for a vast portfolio of retail and equipment leases at a high-growth consumer products company. Lauren is also passionate about collaborating with others to optimize solutions and create a win for every stakeholder in the process.
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