Compiling a lease inventory is one of the first steps in your organization’s transition to the new lease accounting standard, ASC 842. It’s also one of the most time-consuming and resource-intensive parts of the transition. However, our lease accounting experts found breaking the task up into smaller steps makes the process more manageable and easier to accomplish.

Join us as LeaseQuery’s presenters take you through the detailed steps required to build your lease inventory, sharing tips and tricks they’ve learned. We will discuss multiple topics to help in the beginning stages of your transition process, including from whom and when to obtain a lease listing, the importance of determining scope early in the process, how to determine underlying asset classes, why setting materiality is so important, and more.

Learning Objectives: 

• List the simple steps for building your lease inventory


• Identify which leases are in scope under the new lease accounting standards 


• Determine the next steps to develop a plan for your transition