9 Changes to Do you have a process for tracking changes to Leases existing leases that may result in modifications, reassessments, and remeasurements? 10 Cost Center Do you have a process for changing cost centers Changes associated with lease contracts and individual assets? 11 Location Do you have a process for tracking changes to Changes the location and existence of equipment leases? 12 Employee Do you have a process for tracking changes to Changes the employees that are responsible for the leased assets? 13 End-of-Term Do you have a process for tracking end-of-lease Decisions renewals, terminations, and asset buyouts to ensure you are performing the appropriate recordation in systems? 14 Changes to Do you have a process to identify triggering End-of-Term events and/or facts and circumstances that Decisions impact your initial judgements about your expected end-of-term decisions? 15 Complex Do you have processes for identifying leases Leases that might be executed using less common business processes, such as embedded leases, subleases, and sale-leaseback transactions? 16 Monthly Close Have you updated your monthly and quarterly close processes to include lease accounting in your cutoff, reconciliation, consolidation, reporting, and disclosure activities?
9 Changes to Leases Do you have a process for tracking changes to existing leases that may result in modifications, reassessments, and remeasurements? 10 Cost Center Changes Do you have a process for changing cost centers associated with lease contracts and individual assets? 11 Location Changes Do you have a process for tracking changes to the location and existence of equipment leases? 12 Employee Changes Do you have a process for tracking changes to the employees that are responsible for the leased assets? 13 End-of-Term Decisions Do you have a process for tracking end-of-lease renewals, terminations, and asset buyouts to ensure you are performing the appropriate recordation in systems? 14 Changes to End-of-Term Decisions Do you have a process to identify triggering events and/or facts and circumstances that impact your initial judgements about your expected end-of-term decisions? 15 Complex Leases Do you have processes for identifying leases that might be executed using less common business processes, such as embedded leases, subleases, and sale-leaseback transactions? 16 Monthly Close Have you updated your monthly and quarterly close processes to include lease accounting in your cutoff, reconciliation, consolidation, reporting, and disclosure activities?