Jackson Cross Partners’ Louis Battagliese has been chosen to share valuable lessons in dealing with FASB/IASB Lease Accounting challenges at IBM’s InterConnect technology conference in Las Vegas in March. More than 20,000 people from the world’s largest companies and start-ups will learn, teach, and connect at this conference.
As one of the foremost real estate experts on the FASB/IASB lease accounting changes, Lou’s session will highlight lessons learned by early adopters. As Lou explains, “this session is really designed as an experience sharing. JCP has worked with over 20 companies over the last 8 years in gathering, validating and aligning the data needed to prepare for the new Standards. It is a complex process and since many other companies have waited until the final Standards were published, they are just initiating their own process. Hopefully sharing the lessons learned will help them get to the finish line in time.”
Since the publishing of new lease accounting standards last February, companies are facing new challenges. There hasn’t been a major lease accounting change since 1976, and entire industries have developed under one set of rules. Lou has worked with numerous Fortune 100 and mid-market companies for decades, helping them to effectively gather and utilize real estate information by taking advantage of new technologies. “This is no longer one department’s headache- it’s a company-wide, cross functional issue. To meet the FASB deadlines, companies are going to have change the way information is managed and decisions are made”. He will highlight ways this has been done recently by some of the IBM TRIRIGA early adopters.
Lou Battagliese is a founding principal of Jackson Cross Partners (JCP). He has assisted many corporate and institutional investment clients on a variety of projects and transactions in more than 50 markets throughout the United States, Canada, Europe and Asia. Active in real estate since 1984, Lou is an acknowledged thought leader in the areas of corporate real estate finance and strategy. He has provided expert counsel to clients related to compliance and strategic planning for the changes to the Standard for Lease Accounting that are being implemented by the FASB and IASB prior to the transition date in 2019.
Interconnect Session 2603A: “Lessons Learned by Early Adopters Regarding the New Lease Accounting Standards” will be held on Tuesday, March 21st at 3:45 PM at Mandalay Bay North, Level 0, Tradewinds D.