Skip to content
  • Login
Occupier Logo Teal
  • SolutionsExpand
    • By ProductsExpand
      • Lease Administration Software
      • Lease Accounting Software
      • Transaction Management Software
      • Broker Deals CRM
    • By ServicesExpand
      • Lease Abstraction Services
      • Implementation Services
    • By IndustryExpand
      • Equipment
      • Fintech and Banking
      • Fitness
      • Franchisees
      • Healthcare
      • Industrial and Manufacturing
      • Office Space
      • Restaurants
      • Retail
      • Technology
    • By RoleExpand
      • Brokers
      • Accountants
      • Real Estate Teams
    • Contact Us
  • ComplianceExpand
    • ASC 842
    • IFRS 16
  • ResourcesExpand
    • Blog
    • Podcast
    • Newsletter
    • Customer Stories
    • Lease Accounting Compliance Hub
  • CompanyExpand
    • About
    • Careers
    • Partnerships
    • Press
    • Contact Us
  • Pricing
Schedule a Demo
Occupier Logo Teal

Fully Occupied Scoop: August 2021 Newsletter

ByMorgan Beard August 27, 2021August 22, 2022

Last Updated on August 22, 2022 by Amanda Lee

🏫 Class Is Back In Session 

So, what’s the scoop? It is back to school season, so we are recapping our CRE lesson plan from the month of August. If there is one thing we’ve learned over summer break, it’s that the proptech landscape is quickly evolving and CRE is adapting to new technologies, the hybrid work model, and the implementation of the new lease accounting standards, ASC 842. Dive into the CRE syllabus with us from this past month:

πŸ“– Lesson Plan

What is Lease Abstraction?
Extracting key information within a lease portfolio is a time-consuming task, but that is where lease abstraction comes into play. Learn all about lease abstraction in our blog as well as the lease abstraction services we offer.

4 Steps to Identify a Lease Under ASC 842
Learn how to identify an asset in a contract and how to convey the right to control the use of an identified asset with Professor Lauren Covell.

Comparing ASC 840 to ASC 842: Going From Old to New Lease Accounting Standards
The new lease accounting standards are going to require a heavy lift from accounting departments. These new standards demand complete transparency in the financial reporting process. Check out the key changed in the post.

πŸ‘©β€πŸ«  ASC 842 Tips from the Teacher

This past month Professor Lauren Covell, CPA and VP of Finance, led a webinar on Advanced ASC 842 for Lease Accounting for Lessees.

Top Tips:

  1. Start early. Your ASC 842 implementation journey will take longer than your teams expect.
  2. Designate a committee. It takes a team to drive ASC 842 implementation success. Involve accounting, real estate, auditing, legal, and IT teams.
  3. Find all your leases. Start by asking employees what leases they have, and follow the past twelve months of financial disbursements.
  4. Ask for help! The ASC 842 transition takes an all hands on deck mentality
ASC 842 Webinar Presentation

πŸ“š New Courses

This semester, Occupier University is excited to introduce two new courses! Our Product and Engineering teams have launched new features within our platform. Click the full lesson plan for a product release videos.

Satellite Maps 101

Data Categories 101

🚌 Upcoming Field Trips

Be sure to register for the following events! 

  • September 7th-10th: AnySizeDeals Week (Las Vegas)
  • September 29th: Advanced ASC 842 Lease Accounting for Lessees (Virtual)
  • October 4-6th: Blueprint – We’ll be speaking! (Las Vegas)
  • October 7-8th: CREi Summit (South Lake Tahoe)
  • November 7-9th: CoreNet Global (Seattle)
  • December 6-7th: ICSC – Here, we go. (Las Vegas)

🎀 Latest on the Podcast

Listen here
Listen here

Enjoying the Fully Occupied Scoop?

Well, then make sure to subscribe!
WARNING: A delicious scoop will be headed your way.

Subscribe

Related

Morgan Beard

Post navigation

Previous Previous
Disclosure Requirements Explained Under ASC 842
NextContinue
How to Identify Embedded Leases

Product

How it works
Product Video
LoginΒ 

Company

About
Careers
Press

Resources

Blog
Podcast
ASC 842 Resource HubΒ 
Case Studies



Twitter Linkedin YouTube

Contact Us

© 2023 Occupier, All Rights Reserved

  • Site Map
  • Privacy Policy
  • Terms of Service
Scroll to top
  • Solutions
    • By Products
      • Lease Administration Software
      • Lease Accounting Software
      • Transaction Management Software
      • Broker Deals CRM
    • By Services
      • Lease Abstraction Services
      • Implementation Services
    • By Industry
      • Equipment
      • Fintech and Banking
      • Fitness
      • Franchisees
      • Healthcare
      • Industrial and Manufacturing
      • Office Space
      • Restaurants
      • Retail
      • Technology
    • By Role
      • Brokers
      • Accountants
      • Real Estate Teams
    • Contact Us
  • Compliance
    • ASC 842
    • IFRS 16
  • Resources
    • Blog
    • Podcast
    • Newsletter
    • Customer Stories
    • Lease Accounting Compliance Hub
  • Company
    • About
    • Careers
    • Partnerships
    • Press
    • Contact Us
  • Pricing