KNAV in association with LeaseQuery is inviting you to a webinar on “Best Practices for New Lease Accounting Adoption”
The new lease standard, ASC 842 and IFRS 16, will substantially alter how companies account for leases in their financial statements. This new standard will affect any entity that enters a lease and will force organizations to evaluate their accounting policies, procedures, controls, and systems. This webinar will prepare you for the financial reporting challenges that the new guidance will impose on all financial statement preparers. The webinar will additionally focus on new disclosure requirements under ASC 842 and IFRS 16, understanding various qualitative and quantitative disclosures with a comprehensive example.
Join our accounting experts in understanding the overview of lease standard along with industry experts from aluminum sector and intermediate petrochemicals sector to understand implementation challenges and lessons learnt.
HIGHLIGHTS OF THE WEBINAR:
Best practices for transitioning to the new rules | Discover new disclosure requirements for lessees and lessors |Leases acquired in a business combination |Rent lease concession
Understanding of New Lease Accounting Model | Accounting guidance for the Update as per ASC 842 and IFRS 16 | To know different types of key exemptions | Practical Expedient Election for Lessor and Lessees.
Nicholas Miller – Director of Accounting & Reporting, Aleris Corporation | Sachin Agarwalla – Regional CFO, Indorama Ventures NA | Jason Parker – Accounting Manager, Leasequery | Navneet Sharma – Partner, KNAV
22nd September 2020 – 11:00AM to 12:30PM EST