Lease Accounting Summit Agenda 2018 Final · Checklist RGP What Will the External Auditors Audit? With operating leases moving onto the balance sheet, companies can expect more scrutiny

LEASE ACCOUNTING SUMMIT 2018 © LeaseAccelerator,Inc. 2003-2018 All Rights Reserved


FEATURED SPEAKERS

Finance and Accounting Leaders from Fortune 1000 Companies and Big Accounting Firms

Don Rigler Salesforce.com

Controller - Americas

Cathy Flynn Eaton

Global Process Leader Record to Report

Dana Maisano General Dynamics

Director of Financial Reporting

David Shebay PwC

US Advisory Lease Leader

Joni Noel RGP

Senior Vice President

Anastasia Economos EY

Americas Accounting Change Leader for

Leases

Robb Shutt Charter

Communications Vice President

Technical Accounting

TK Kannan AON

Senior Director Corporate Accounting

Neil Sutliff McKesson

Vice President of McKesson Capital

Sandra Reid Consultant Formerly of

LyondellBasell, GE, PwC, Duke Energy

Charles Converse NuStar Energy

Director of Operations Accounting

Carrie Williams Mosaic

Senior Manager of Accounting

Shauna Watson RGP

Global Head of Technical Accounting

Rodney Tademy Tyson Foods

Assistant Treasurer

Justin Baker Charter

Communications Senior Manager

Technical Accounting

Scott Van Valkenburgh

Genpact Vice President

Global Alliances Leader

Scott Vanlandingham RSM

Principal, Consulting - Lease Accounting

Laura Knudson Station Casinos

Manager of Financial Reporting

Maureen Paramore AON

Director of Financial Reporting

Todd Follett Riveron Consulting

Managing Director

John Keen AON

Manager Technical Accounting

Michael Keeler LeaseAccelerator CEO and Founder

Jonathan Crawford LeaseAccelerator

CTO

Ingemar Lanevi LeaseAccelerator Vice President of Finance & Capital

Markets

Bruce Conway LeaseAccelerator

Vice President of Lease Accounting

Tracy Henriques LeaseAccelerator Vice President of

Customer Success

Mark Koppersmith LeaseAccelerator Vice President of

Customer Experience

Colleen Tigges LeaseAccelerator Vice President of Global Solution

Consulting

Bevan Webster LeaseAccelerator Vice President of

Professional Services

Sam Weber LeaseAccelerator

Director of Resource Development &

Training


WELCOME RECEPTION

Date: Tuesday, June 19th

Location: W Chicago – Lakeshore Hotel – 6th Floor Deck 644 N Lake Shore Drive, Chicago, IL 60611

TIME TOPIC DESCRIPTION 6:00pm

Registration Opens

W Chicago – Lakeshore hotel – 6th Floor Deck

6:30pm

Welcome Reception Starts

Join LeaseAccelerator’s executive team and other conference attendees for a welcome reception on the rooftop of the W Hotel. Attendees will enjoy spectacular views of Navy Pier and Lake Michigan while networking with accounting and finance professionals from Fortune 1000 organizations. The reception will feature an open bar and Chicago-style appetizers.

8:00pm

Welcome Reception Ends

Attendees can gather in the lobby and head out for dinner at one of Chicago’s many fantastic restaurants or retire to their room early to catch up on work or family commitments.


LEASE ACCOUNTING SUMMIT

Date: Wednesday, June 20th

Location: Navy Pier Conference Center 600 E Grand Ave, Chicago, IL 60611

MORNING SESSIONS TIME LOCATION TOPIC DESCRIPTION SPEAKERS 7:00am

Registration Opens

Navy Pier – Rooms 301-312

7:00am

Transfer to Navy Pier

Shuttles will leave from the W Chicago – Lakeshore, Sheraton Grand Chicago, and Marriott Courtyard River North hotels at 7:00am, 7:30am, and 8:00am.

7:30am

Rooms 307-308

Full Breakfast

8:30am

Rooms 309-312

Market Perspective

Get the latest perspective on the market and the issues Fortune 1000 companies are confronting with only six months remaining until the initial deadlines: • What the next two years will bring as

LeaseAccelerator continues its journey to make leasing a simple, fast, and easy process for Fortune 1000 companies.

• The investments LeaseAccelerator is making in its product roadmap as well as in its quality testing, customer support, and operational processes.

Presenters: Michael Keeler LeaseAccelerator



TIME LOCATION TOPIC DESCRIPTION SPEAKERS 9:15am

Rooms 309-312

Audit Checklist

What Will the External Auditors Audit? With operating leases moving onto the balance sheet, companies can expect more scrutiny from external auditors. Panelists will discuss the criteria that will be used, including: • The tests of management assertions that will be

applied to validate completeness, existence and occurrence, valuation, and allocation.

• The ambiguities in ASC 842 and IFRS 16 that still exist and the game plan to get them resolved.

Moderator: Shauna Watson RGP Panelists: Don Rigler Salesforce.com


Justin Baker Charter Communications


9:45am

Rooms 309-312

Preparing for Audits

Global SOX and Substantive Audit Readiness To get a passing grade on the audit, companies will need to deploy new processes, policies, and controls for lease accounting. Panelists will discuss: • Examples of policies and controls they plan to

implement for SOX compliance. • Which controls should be preventative versus

detective. • The steps they are taking to prepare for

substantive audits of financial statements post-adoption.

• The documentation and reports that are most important in the audit trail.

Moderator: David Shebay PwC Panelists: Don Rigler Salesforce.com



Tracy Henriques LeaseAccelerator

10:15am

Lobby

Morning Break

Network with your peers at other Fortune 1000 companies.


TIME LOCATION TOPIC DESCRIPTION SPEAKERS 10:45am

Rooms 309-312

Technical Accounting Issues

Resolving Complex Edge Cases Panelists will discuss the key issues related to adopting the new standards, including: • Separating lease and non-lease components. • Pros and cons of adopting practical expedients. • How to determine the standalone observable price. • How lessees and lessors should treat intercompany

leases. • How to book pre-payments before commencement

and available-for-use date. • How to approach acquisitions and joint venture

investments.

Moderator: Anastasia Economos EY Panelists: John Keen AON

Charles Converse NuStar

Sandra Reid Consultant

Mark Koppersmith LeaseAccelerator

11:45am

Rooms 309-312

Presentation and Disclosures

Preliminary Thoughts on 10Ks and 10Qs Panelists will discuss preliminary views on complying with the new disclosure requirements, including: • What to include in SAB 74 disclosures. • How to automate expanded quantitative

disclosures. • The key issues with the new qualitative

disclosures. • How to approaching management discussion &

analysis. • How best to work with investor relations on

shareholder education.

Moderator: Anastasia Economos EY Panelists: Maureen Paramore AON

Robb Shutt Charter Communications

Sandra Reid Consultant


12:15pm

Rooms 309-312

Training

Learn about LeaseAccelerator’s new Digital Customer Product Certification program

Moderator: Sam Weber LeaseAccelerator


TIME LOCATION TOPIC DESCRIPTION SPEAKERS 12:30pm

Rooms 307-308

Lunch

1:15pm

Rooms 309-312

Day Two and Beyond

Optimizing the Run/Operate Model: Designing a Fast and Easy Global Close Panelists will discuss best practices for the run/operate model following adoption, including: • How to approach the close process. • How to manage new lease originations and end-of-

term decisions. • How to track change events that may trigger

modifications and reassessments.

Moderator: Scott Van Valkenburgh Genpact

Panelists: Cathy Flynn Eaton

Carrie Williams Mosaic


Mark Koppersmith LeaseAccelerator


AFTERNOON BREAKOUT SESSIONS

TIME LOCATION TOPIC 2:00pm

Breakout Room 303

Manual Approaches vs. Automation Reducing Headcount Across the Lifecycle How many FTEs are you planning to add to manage your lease accounting program on day two and beyond? Panelists will discuss how to leverage technology to: • Integrate with other financial systems to

automate data flows. • Automate routine tasks in the record-to-

report process. • Track new leases, the end of term, and

change events. • Reduce time-to-close and generate

quantitative disclosures. • Create optimal organization model for

lease accounting resources

Moderator: Scott Vanlandingham – RSM Panelists: Cathy Flynn – Eaton Carrie Williams – Mosaic Sandra Reid – Consultant Colleen Tigges – LeaseAccelerator

Breakout Room 305

SAP, Oracle, and Workday Integrating ERP with Lease Accounting Join an interactive discussion with LeaseAccelerator’s CTO about the best practices for lease accounting applications to interact with your ERP: • What is the best approach for uploading

journal entries to the general ledger? • Should you integrate with accounts

payable or fixed asset management? • How do you keep master data and

financial variables synchronized? • How do you manage user roles,

privileges, and segregation of duties? • What are the specific challenges with

SAP, Oracle, and Workday ERP? Moderator: Jonathan Crawford – LeaseAccelerator


TIME LOCATION TOPIC 2:30pm

Breakout Room 303

Drive Savings with Procurement and Treasury Beyond Compliance: Achieving an ROI from Lease Accounting Learn how accounting can partner with peers in the procurement and treasury organization to: • Institute new processes, policies, and

controls across the leasing lifecycle. • Lower financing costs through

competitive sourcing. • Reduce costs and inefficiencies at the

end of term, such as evergreen fees. Moderator: Joni Noel – RGP Panelists: Neil Sutliff – McKesson Rodney Tademy – Tyson Foods Ingemar Lanevi – LeaseAccelerator Colleen Tigges – LeaseAccelerator

Breakout Room 305

Real Estate, Fleet, and IT Asset Management Upstream Integrations with Lease Accounting Join an interactive discussion with LeaseAccelerator’s CTO on how lease accounting applications should interact with asset management systems. Topics include: • How the real estate admin system

should work with the lease accounting system.

• How frequently the fleet, IT, and other asset management systems should be reconciled with the lease accounting system.

Moderator: Jonathan Crawford – LeaseAccelerator

3:00pm

Lobby

Afternoon Refreshment Break

Network with your peers at other Fortune 1000 companies


AFTERNOON SESSIONS


Rooms 309-312

Data Collection and Embedded Leases

Overcoming the Biggest Implementation Hurdle Learn best practices and the pitfalls to avoid when abstracting and collecting data from real world implementations, including the best approach for: • Identifying embedded leases. • Handling international leases in foreign

languages. • Data abstraction technologies. • Capturing reasonably certain holding period

and end-of-term options.

Moderator: Todd Follett Riveron Consulting

Panelists: TK Kannan AON



4:00pm

Rooms 309-312

Project Strategy, Management, and Governance

Accelerating and De-risking Your Implementation Project Success with the ASC 842 projects will require a truly cross-functional effort between the accounting team and various stakeholders throughout the business. Panelists will discuss: • Defining roles and responsibilities of the

project lead, core, and extended team members.

• Securing participation from the internal stakeholders in business units, Procurement, Treasury, AP, and other functions.

• Interacting with the steering committee, CFO, and Audit Committee.

Moderator: David Shebay PwC

Panelists: Don Rigler Salesforce.com


Justin Baker Charter Communications

Bevan Webster LeaseAccelerator



Rooms 309-312

Closing Remarks

Hear a recap of the top lessons learned and best practices shared throughout the day. The audience will have the opportunity to share recommendations as well to ask any unanswered questions of peers and presenters.

Moderators: David Shebay PwC

Michael Keeler LeaseAccelerator

4:45pm

Summit Ends

5:00pm

Ground Transfer

Shuttles will leave to W Chicago – Lakeshore, Sheraton Grand Chicago, and Marriott Courtyard River North hotels at 5:00pm and 5:30pm. Shuttle will loop back from each hotel to Navy Pier at 5:45pm and 6:15pm for the Odyssey Dinner Cruise.


EVENING EVENT

Date: Wednesday, June 20th

Location: Navy Pier Odyssey Dock

TIME TOPIC DESCRIPTION 6:00 – 6:50pm

Embark Odyssey for Dinner Cruise

Enjoy a dinner cruise on Lake Michigan with other conference attendees. LeaseAccelerator has reserved a private dining area with a full bar and dance floor. Fireworks will be visible from the deck following dinner.

6:50pm

Odyssey Dinner Cruise

Enjoy a 3-course dinner, dancing, and fireworks.

10:00pm

Ground Transfer

Shuttles back to the W Chicago – Lakeshore, Sheraton Grand Chicago, and Marriott Courtyard River North hotels at 10:15pm.


Documents

Lease Accounting Summit Agenda 2018 Final · Checklist RGP What Will the External Auditors Audit? With operating leases moving onto the balance sheet, companies can expect more scrutiny