Lessons Learned: Complying with ASC 842

Thursday, December 6, 2018

2:00 PM - 3:00 PM ET

Webinar

Learn best practices from financial professionals who have been on the road to ASC 842 compliance.


Whether you have already begun to prepare for ASC 842 compliance, or just starting out, this webinar is sure to provide you with the practical guidance you need to successfully achieve ASC 842 compliance.

Attend this webinar to hear finance professionals from Bristol-Myers Squibb and Chicago Freight Car Leasing share their experiences tackling and automating complex calculations, tracking and classifying leases, delivering advanced reporting for journal entries, and more.

You’ll walk away with:

  • Key decision points that inform a good ASC 842 plan of attack
  • Crucial challenges of transition rules and portfolio approaches
  • Workflow and process changes that improve financial controls
  • Guidance on how automation and technology can streamline work efforts

Speakers:

Sima Basher, Associate Director, Corporate Consolidation & Finance Reporting, Bristol Myers Squibb
Sima Basher is currently the Associate Director of Corporate Consolidations and Financial Reporting at Bristol-Myers Squibb. Her current responsibilities include managing the financial consolidation and reporting process for over 150 affiliates worldwide at BMS. Sima has held various roles supporting and managing the company’s consolidation and financial reporting activities, as well as financial planning and analysis responsibilities within BMS’ Global Product Development and Supply division. In addition to her current responsibilities, Sima is co-leading BMS’ global implementation of ASC 842 Leases, including system selection, design and implementation, contract reviews, and establishing internal policies, processes and controls to ensure successful adoption and compliance.

Jay Wilensky, VP Accounting & Finance, Chicago Freight Car Leasing Co, a subsidiary of Sasser Family Holdings, Inc.
Jay Wilensky is Vice President of Accounting & Finance for Chicago Freight Car Leasing Co, a subsidiary of Sasser Family Holdings. He has also been leading a coalition of companies in the railcar leasing industry to convey their perspective and anticipated implications of the new lease accounting and revenue recognition proposals, to the accounting firms and the FASB and IASB Boards. Additionally, he is currently the chairman of the tax committee of the Railway Supply Institute.

Moderator: Diane Tinney, Senior Product Manager, Bloomberg Tax
As Director of Product Management, Bloomberg Tax Diane is responsible for overseeing the development and implementation of Bloomberg Tax corporate tax and accounting software. Diane has a background in cutting-edge technology, accounting, and corporate taxation. She has advised startup, mid-stage, and large, multi-national corporations in a variety of industries, including publishing, media, Internet services, education, hospitality, construction, nonprofit, and manufacturing.

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