Leveraging Technology to Ensure Completeness of Your Lease Portfolio

Course Description

This session will explore strategies and tips to confirm and support the completeness of your lease portfolio for an efficient year-end. Learn how a mid-year review of your leases can promote accuracy and efficiency for budgeting and year-end.

Join our in-house lease accounting expert Rachel Reed as she explores best practices for organizing and analyzing your leases mid-year to empower you to navigate budget planning and year-end close with confidence. This session will explore how to determine if items within your current lease portfolio are valued correctly and how to account for the various changes you may need to make as a result. Lastly, we’ll introduce the newest functionalities of lease accounting software to help promote completeness and accuracy within your lease portfolio.

Learning Objectives

• Review tips for organizing, analyzing, and reporting on lease agreements to foster effective budget planning and year-end close
• Understand how to evaluate your current leases and the options available if they need to be adjusted to meet evolving organizational needs
• Establish key considerations to analyzing for an impairment and recognizing an asset abandonment and the differences between the two
• Identify the newest features of lease accounting software to support completeness and accuracy in lease portfolios

Prerequisites

• Basic understanding of lease accounting

Who Should Attend

Accounting and finance professionals whose companies manage a medium-to-high volume of leases, software subscriptions, or other financial contracts will benefit most from this event, along with CPAs who serve those clients.

Advanced Preparation

None

Presenters