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ASC 842: How To Streamline Policies & Controls

ASC 842: HOW TO STREAMLINE POLICIES & CONTROLS

Cost Free
Presentation Length 1.0 hour

Recorded DateMay 17, 2023
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAccounting
Course LevelBasic
Course Description

The FASB outlines lease accounting policies and controls that are built to ease the transition to the new lease accounting standard, ASC 842. Most public and private companies have already transitioned, but post-audit presents the perfect time to add policies and controls to your lease accounting process. Join Occupier to explore efficient lease accounting compliance best practices. Dive into practical implementation strategies of policies, procedures, and internal controls to ease your monthly journal entries and month-end close processes.

Learning Objectives:


  • Summarize the accounting policies and controls outlined by the FASB to ease the transition to ASC 842

  • Identify the perfect time to add policies and controls to your leasing accounting process

  • Outline strategies for policies, procedures, and internal controls to ease your monthly journal entries and month-end close processes
     

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Lauren Bahr

Occupier
Vice President, Finance
[email protected]

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Lauren Bahr is a Certified Public Accountant living in St. Louis, Missouri. She started her career in the PwC audit practice. After PwC, she joined a consulting firm and assisted companies in navigating complex technical accounting matters and streamlined their monthly close processes. Prior to joining Occupier, she was responsible for implementing ASC 842 for a vast portfolio of retail and equipment leases at a high-growth consumer products company. Lauren is also passionate about collaborating with others to optimize solutions and create a win for every stakeholder in the process.
 

About Our Presenter

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Occupier builds software used by commercial tenants to maintain compliance with lease accounting standards, manage real estate leases, and execute lease transactions. Real estate is typically the second largest expense for a business next to payroll, yet the technology used to manage it is no more sophisticated than spreadsheets and email. This leaves companies vulnerable to multi-million dollar risk due to missed lease obligations, slow decision making and misinformed real estate strategy. Occupier is set to change all of this with intuitive, automated workflow, enabling companies to ensure compliance, mitigate risk and make more informed decisions that align with key business initiatives.