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10 Steps to ASC 842 Compliance within NetSuite

June 15 @ 1:00 pm - 2:00 pm EDT

Free

Participants of the free live webinar will be eligible for 1 CPE credit.

Register

Course Description

Whether you have several or several hundred leases, transitioning to the new lease accounting standard may take longer than you think. Do you know your first step towards compliance?

Join our interactive CPE workshop, where LeaseQuery for NetSuite accounting experts will walk through how to successfully transition to the new lease accounting standard, ASC 842, within NetSuite. We will highlight 10 detailed steps your organization can take to transition, helpful resources to ensure your transition goes smoothly from start to finish, and the importance of utilizing a software to reduce time, resources and risk associated with implementation, and encourages integration with your ERP.

 

Learning Objectives

  • Identify the necessary steps to successfully transition to the new standard
  • Understand the value and accounting benefits of using a solution built for NetSuite
  • Learn specific calculations to perform to help ensure your lease portfolio is complete
  • Explore the various features available in lease accounting solutions and begin determining which are necessary for your organization
  • Recognize potential resources to help simplify the transition process and maintain compliance post-transition

 

Prerequisites

  • None

 

Who Should Attend

Accounting and finance professionals using Netsuite at a private company managing medium-to-high volume of leases as well as accounting and consulting professionals who work with those clients.

 

Advanced Preparation

None

Presenters

Amanda Payne

Amanda Payne

Technical Accounting Manager at LeaseQueryamanda.payne@leasequery.com
Amanda Payne is a Technical Accounting Manager at LeaseQuery and has helped onboard about 400 organizations, representing roughly 15% of the LeaseQuery client base. Starting with LeaseQuery in its infancy stage, Amanda has been an integral part of rolling out both accounting and system functionality, and explaining the nuances of ASC 842, IFRS 16, and GASB 87. Amanda began her career at EY in assurance services working with clients in the public, private, and nonprofit sectors. There she was responsible for presenting to client management and assurance teams in the Americas, India, and Egypt.”

Abdi Ali

Abdi Ali

Accounting Manager at LeaseQueryabdi.ali@leasequery.com

As a former Grant Thornton audit associate, Abdi assisted in the audits of various publicly traded and privately held clients. He also has notable experience as a general ledger accountant. In Abdi’s current role as an Accounting Manager at LeaseQuery, he demonstrates the product to prospective clients and serves as a resource to current clients looking for guidance on understanding and implementing the new lease standards

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