10 Steps to ASC 842 Compliance within NetSuite

Course Description

Whether you have several or several hundred leases, transitioning to the new lease accounting standard may take longer than you think. Do you know your first step towards compliance?

Join Crowe and LeaseQuery for an interactive CPE workshop where we take you through how to successfully transition to the new lease accounting standard, ASC 842, within NetSuite.

During the presentation, we will highlight 10 detailed steps your organization can take to transition, helpful resources to ensure your transition goes smoothly from start to finish, and the importance of utilizing a software to reduce time, resources and risk associated with implementation, and encourages integration with your ERP.

Learning Objectives

• Identify the necessary steps to successfully transition to the new standard
• Understand the value and accounting benefits of using a solution built for NetSuite
• Learn specific calculations to perform to help ensure your lease portfolio is complete
• Explore the various features available in lease accounting solutions and begin determining which are necessary for your organization
• Recognize potential resources to help simplify the transition process and maintain compliance post-transition

Prerequisites

• None

Who Should Attend

Accounting and finance professionals using Netsuite at a private company managing medium-to-high volume of leases as well as accounting and consulting professionals who work with those clients.

Advanced Preparation

None

Presenters