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Top Ten Technical Accounting Tips and Real-World Case Studies on ASC 842 and ASC 606

Thu, Sep 19, 2019 @ 06:28 AM / by David Fellers

Technical Accounting Tips for Optimizing Disclosures and Reporting for ASC 606 and 842

This webinar includes a discussion of Top Ten Technical Accounting Tips for accelerating financial reporting disclosures, which have been gleaned from Bramasol's experience guiding our clients through real-world issues surrounding ASC 606 and ASC 842.compliance.  We've also seen what doesn't work by helping companies overcome false starts and dead-ends.

Examples of the implementation situations covered includes:

  • An oil and gas services company found over 100 additional leases in a subsidiary that the corporate office did not realize were still being paid and expensed because it was small amounts and lessors typically would not tell you and allow it to go month to month!
    Lesson Learned: Know where your leases are!

  • A large pharmaceutical company underestimated the data abstraction process and delayed the project by five months because not only did the leases have to be abstracted but also interpreted by outsid
    e leasing accountants.
    Lesson Learned: Better upfront planning can avoid cost overruns and time delays!

 

Join us to learn more about these and other challenges along with a live demo of asset management and disclosure reporting solutions that can help streamline and integrate your end-to-end compliance environment.

This is a must watch webinar for anyone who wants to streamline their compliance, disclosure and reporting processes while minimizing reporting delays, risks of non-compliance and audit issues.

Watch recorded webinar Here

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Topics: asset management

David Fellers

Written by David Fellers

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