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INDUSTRY RESOURCES AND PRODUCT INFORMATION

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Road to Compliance Podcast Series: Think Before You Act

Strategy Development for Lease Accounting Compliance FASB ASC 842

In Think Before You Act, we focus on the importance of setting strategy to address the new FASB and IFRS lease accounting standard changes. While there may be a temptation to dive in head first, there are key questions you need to consider before you go too far down the road, including: how much time do we really have left, who should own the project within your organization, can your system handle the new standards, how do you deal with embedded leases and equipment leases, and how do you chose the right partners to help?

Bart Waldeck, Tango’s CMO and SVP of Product Strategy, is joined by Rick Zelinsky, Vice President of Product Strategy at Tango, who has more than 20 years of experience in lease administration and accounting and is the main architect behind Tango’s lease solution. Today, Rick spends the majority of his time out with clients in the field, helping them walk through this process of getting to compliance so, he’s really a perfect guest for this podcast’s topic.

Transcript

To learn more about the steps your organization should consider to ensure compliance to the new lease accounting standards, visit The Road to Lease Compliance Resource Center.

Tango does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any lease compliance related activities.