In 2016, FASB and IASB launched new lease accounting standards. In this webinar, you’ll learn what the new standards are, what auditors will be looking for, and steps your organization can take now to implement the new standards. Upon completion of this course, you will be able to:

• Explain why the new standards were developed
• Recognize how financial ratios such as profitability, EBITDA, and Return on Assets will be impacted
• Compare and contrast the rules for US GAAP with IFRS
• Compare the new standards to the current standards
• List the implementation deadlines
• Explain whether you have to keep two sets of books during the transition period
• Describe what auditors will be looking for
• Determine who should you put on your lease accounting project team and who should be the executive sponsor
• Develop a project strategy
• Identify the types of policies, systems and controls your organization needs
• Recognize what type of data you need and where you can find it
• Identify factors to consider in software vendor selection
• Make a business case for the project
• Utilize examples of the accounting challenges for real estate and equipment leases