Date/Time
May 19, 2021
2:00 pm-3:00 pm

Category(ies)

• Financial Executives International

ASC 842 is already in effect for public companies, but non-public companies are now focused on compliance efforts with their deadline looming at the end of 2021. Setting lease accounting policies upfront is a key step in the compliance process. Some public companies have already changed policies since initial adoption. FEI & CoStar will discuss what non-public companies can learn from them. Making the right lease accounting policy decisions upfront sets the stage for smooth ASC 842 compliance.

5 major learning points:

• Utilizing practical expedients offered by ASC 842 to make adoption easier
• Combining or separating lease and non-lease components
• Collecting discount rates and fair market values to apply to lease accounting calculations
• Applying materiality thresholds
• Establishing and maintaining internal controls

Additional details can be found here.