How to Prepare for Audit Season with ASC 842 | The Controller's Guide to Lease Management

Join Occupier to learn what auditors expect for lease accounting compliance and how to prepare before audit season begins. We'll cover the top 5 questions keeping finance teams up at night, plus a live demo showing how real estate and finance teams can work from the same lease data—eliminating spreadsheets, version control issues, and quarterly data requests. 0:00 Intro 4:48 State of lease management in 2025: Why lease accounting demands your attention 6:32 Overview of accounting standards; The history of ASC 842 9:53 Operating and finance feases - Why do I need both? 10:50 What is the lease commencement date? 13:29 How do I know accounted for all the leases my company has executed? 14:52 How should I account for a lease renegotiation? 16:41 How do I account for a lease modification? 18:04 How do I account for a lease termination? 19:27 Occupier Lease Accounting Demo 22:22 What do auditors look for in financial Statement disclosures? 26:40 Considerations for a post-lease accounting implementation 32:00 How to complete a lease impairment in Occupier Lease accounting system 34:10 Learn more about Baker Tilly 35:05 Learn more about Occupier lease management and accounting platform www.occupier.com