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Driving Operational Efficiency and Financial Optimization in Day 2 Accounting for Leases  

On-Demand Webinar

This webinar will discuss:

Day 2 lease accounting challenges 

The lease contract lifecycle and optimization opportunities in every stage 

Sergii Ozhozhenko

Technical Accountant & Solution Engineering


Ronald Wong

Partner, Financial Accounting Advisory Services
Ernst & Young LLP

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Ronald Wong is a Financial Accounting Advisory Services Leader and Partner at Ernst & Young LLP in Singapore. He assists clients in thinking through complex accounting and finance matters by combining invaluable insights, practical approaches, and solutions from his experience. Some of his key advisory projects include US GAAP and IFRS conversions, revenue and lease contract reviews and implementation. He also assists clients in achieving efficiency in the finance function. The projects that he leads include re-engineering of finance processes and controls, incorporating technology solutions to drive automation and identifying advanced analytics opportunities to provide better reporting. 

Sergii Ozhozhenko is a Nakisa subject matter expert on lease accounting, IFRS, US GAAP, and German HGB with over seven years of experience in business, accounting, and finance. Prior to joining Nakisa, Sergii was an Assistant in Assurance (Audit Department) at EY Kiev and later relocated to EY Frankfurt, assuming the role of Senior Associate in Financial Accounting & Advisory Services. Previously, Sergii worked as a trainee in a Fraud Investigations and Disputes Department at PWC. Sergii holds a Master’s degree in Philology and International Financial Management and brings a wealth of knowledge in consolidation techniques when dealing with complex Group structures.

As finance teams have transitioned to the latest lease accounting standards, now is an ideal time to investigate Day 2 accounting challenges and optimize end-to-end portfolio management processes.

Implementing the latest lease accounting standards involves changes in processes such as identifying right of use assets, determining discount rates, and calculating lease liabilities, among others. These shifts in workflow took considerable effort and may have significantly impacted the balance sheet for many organizations. Beyond these initial Day 1 challenges, recent events, including the COVID-19 pandemic, have also affected lease modifications. Many organizations are still practising manual workarounds and are considering leveraging technology to improve their lease accounting processes.

End-to-end process challenges

The benefits of cloud technology for managing lease portfolios

Listen to our panel of experts from EY and Nakisa, a leading lease management software provider. We will dive into how organizations can pivot from understanding lease management as a cost center to a value-added function, explore how technology can support forecasting, analytics, dual GAAP, and overall workflow, as well as how improved reporting can generate value for organizations.

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