Lease Accounting Consultant in Indianapolis, IN at Vaco

Date Posted: 6/10/2019

Job Snapshot

Job Description

Vaco of Indianapolis is working with a company that is need of a Lease Accounting Consultant on a contract basis.

Lease Accounting Consultant


  • Ensure accurate contract information is maintained for reporting to assist with compliance with regulatory reporting requirements to include lease commitment and financial statement reporting
  • Ensure real estate property leased assets and liabilities are properly classified, analyzed, calculated and reported in financial statements per the new FASB and IASB lease accounting standards for reporting, presentation, and disclosure requirements
  • Manage accounting components of the lease portfolio, such as extensions, amendments, or terminations, through lease administration software, and calculate intangible asset amortization and capitalized overhead
  • Assist in adoption of new lease accounting guidance (ASC 842) and assess and report the retrospective impacts on the company's financial statements
  • Prepare lease schedules (e. g., minimum rent, future obligation, etc.) for company disclosures, prepare periodic lease accounting journal entries on rent payments and expenses, prepaid rents, deferred rents, tenant incentive accruals, etc. via lease administration software, and records journal entries to company's ERP system