How can companies best sustain compliance to the FASB/IFRS lease accounting standards?
At our recent Leadership Series in New York, we discussed the impacts of the upcoming FASB ASC 842 accounting changes and the implications for your organization. We asked the panelists “How can companies best sustain compliance to the FASB/IFRS lease accounting standards?”. The approach is a bit different than in the past as more departments need to be involved to fully understand questions that need to be asked when signing new contracts. Additionally, the interaction between the operational lease administration and the accounting side has changed and needs to be better aligned, and there are additional staffing and resource considerations that need to be factored in to sustain compliance.
George Elefther, VP of Real Estate Accounting, Bed Bath & Beyond
Theresa Meier, Director of Accounting, Bed Bath & Beyond
Gabe Sugar, Director of Corporate Reporting, Darden
Kevin Fossee, Director, Advisory Services, Real Estate, PwC
Rick Zelinsky, VP of Product Strategy, Tango
Moderator: Bart Waldeck, CMO & SVP of Product Strategy, Tango
For more information on how to ensure you are taking the right steps on the road to lease compliance, visit our resource center.