The New Close - How ASC 842 Impacts Your Month End

For most companies, the biggest risk with monthly close in 2019 will be the new lease accounting standards. Come to this informational session to hear lessons learned from dozens of public companies who closed their books under ASC 842 during January and February. We’ll cover the key challenges with subledger cutoff, reconciliation, and GL upload. Learn best practices for testing accounting accuracy, defining a control framework, and ensuring completeness of the lease population. Minimize the risk that your close is unintentionally extended potentially impacting earnings announcements. By attending, you will learn:

- Key challenges to be aware of when closing the lease accounting subledger
- Pitfalls to avoid in year one post-adoption for the new standards
- Strategies to mitigate the risk of delays to the time required for consolidation, close, and disclosures

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