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October 24 Webinar: Updates on Disclosure Reporting Accelerators for ASC 842 and ASC 606

Thu, Oct 3, 2019 @ 08:13 AM / by David Fellers posted in asset management

Updates on Disclosure Reporting Accelerator Packages for ASC 842 and ASC 606

October 24, 2019 - 10 AM PDT / 1 PM EDT

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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 posted in asset management

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!

 

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Download eBook - Transitioning to ASC 842: Why Robust Analytical Reporting Tools will be a must for all Entities

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