A panel of experts from RGP and LeaseAccelerator draw upon real-world implementations of ASC 842.
- Budgeting and Planning – How to estimate the project timeline and budget for implementation
- Leasing Data – How to inventory your leases, abstract the data from leases, and collect additional details from users
- Project Team – Who to involve on the core team and how to get participation from lines of business
- Testing – How to design test plans, select sample leases, and execute test plans to ensure accounting accuracy
- Controls – Which processes, policies, and controls to ensure internal controls over financial reporting
- Project Governance – How to approach communications with the CFO, CEO, and audit committee