Attend this webinar and earn FREE Continuing Professional Education (CPE) Credit

WEBINAR ON DEMAND

While adoption of ASC 842 is behind us, Day 2 lease accounting is where most teams still struggle. Routine contract changes can quietly trigger modification accounting, force remeasurement of the lease liability and ROU asset, introduce balance-sheet and earnings volatility, and often surface too late in the close cycle to handle cleanly.

In this session, Khalil Bouban, CPA, Principal Solutions Advisor at CoStar, and Quintin Dykes, Director of Solution & Value Advisory at BlackLine, will walk through a clear, repeatable framework for identifying, evaluating, and documenting lease modifications so you can make confident judgment calls, defend them to your auditors, and stop absorbing late-close surprises.

Key Learning Objectives:

• How to spot modification triggers early
• When remeasurement is required and exactly which inputs change, including lease payments, consideration and its allocation, discount rate, and lease classification
• How to work through four real-world scenarios: an expansion priced below standalone, a term extension with revised rent, a partial termination, and a negotiated termination with a penalty
• The judgment traps that drive audit findings including missed embedded leases, unsupported "reasonably certain" conclusions, inconsistent materiality thresholds, and retroactive documentation
• How to build a close-ready workflow with decision memos, updated inputs, clear ownership, tie-outs, and defined exception handling
• How to accelerate your financial close by replacing manual, spreadsheet-heavy month-end close activities with real-time, automated processes.

SPEAKERS

Khalil Bouban, CPA
Real Estate Manager, CoStar 
 

Quintin Dykes
Director, Solution & Value Advisory, BlackLine