Navigating Lease Accounting Software Acquisitions and Sunsets: A Practical Guide

Learning Objectives

• Identify key questions to ask your current vendor regarding the details of their software sunset or acquisition, including timelines, support, and data migration assistance through a real-life example.
• Become aware of the risks and opportunities associated with a transition to a new lease accounting software.
• Get prepared to assess your organization’s current and future lease accounting needs, including lease volume, compliance requirements (ASC 842, IFRS 16, GASB 87, GASB 96), and integration needs.
• Learn how to evaluate and compare different lease accounting software solutions based on key criteria such as user-friendliness, quality of accounting support, ease of implementation, and budget.

Meet the Speaker

Jonathan Grimes is a dedicated and experienced accounting professional currently serving as a Technical Accounting Consultant at FinQuery (formerly LeaseQuery). Prior to this role, he held positions at FinQuery as Customer Support Manager and Manager of Customer Accounting Advisors, demonstrating a strong track record of growth and commitment. Jonathan’s educational background includes a Master’s degree in Professional Accountancy from Georgia State University and a Bachelor of Science in Accounting from LaGrange College, where he was also a Presidential Student Ambassador. Earlier in his career, Jonathan gained experience as an Accounting Intern at Gay & Joseph, CPA, PC.

John Balmforth is a seasoned professional with a strong background in accounting and lease accounting solutions. Currently at FinQuery, as Senior Advisory, Professional Services, John develops and launches new professional services, owns the creation of policies, procedures, and best practices, and serves as the subject matter expert for all lease accounting services. He spearheads company-wide customer instance transitions, and consults directly with large customers on software implementations for compliance with ASC 842, IFRS 16, GASB 87, and GASB 96. Prior to FinQuery, John was a Lease Accounting Software Consultant at CoStar Real Estate Manager, a Senior Accountant at The Coca-Cola Company, and held accounting positions at AGH, LLC and Roddy, Horsley, Dillon & Gault, LLC. John holds a Master of Business Administration (MBA) in Accounting from Mercer University and a BBA in Accounting, Fraud from Georgia Southern University.

Course Description

Is your lease accounting software facing a sunset, or was it recently acquired? The lease accounting and management space has gone through a year of diversification and consolidation. Following these changes, does your current vendor provide the accounting expertise and product support you need to accurately account for the nuances of your lease portfolio? If the answer is unclear, don’t panic! This webinar will guide you through the critical steps needed to ensure a smooth transition to a new solution. Learn how to proactively address vendor disruptions, evaluate your evolving compliance needs, and execute a seamless data migration.

Discover how to turn a potentially disruptive event into an opportunity to upgrade your lease accounting toolkit, improve efficiency, and ensure compliance.

CPE Details

Details

Program Level: Basic
Prerequisites: None
Advanced Preparation: None
Delivery Method: Online
Recommended CPE Credit: 1
Field of Study: Accounting

Who Should Attend

This webinar is tailored for professionals managing lease accounting compliance.

Sponsor Statement

FinQuery, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBAregistry.org. For more information regarding administrative policies such as complaints, please contact CPEinfo@finquery.com.

Program Cancellation Policy

If a program is cancelled, FinQuery will notify registrants via the email address that they used to register for the program.