CASE STUDY THE CHALLENGE Like many companies, ASC 842 prompted Johnson Outdoors’ accountants to realize that Excel was no longer a viable option for lease accounting. “We could have come up with the initial adoption journal entries but with the complexities of modifications and some of the other things that go into it, we started looking at software.” They had several key requirements for lease accounting software: We got a good feeling from the demo that the knowledge and expertise was there. ALYSSA MERTES MANAGER OF FINANCIAL REPORTING Johnson Outdoors Is Prepared for Compliance with LeaseQuery PUBLICLY HELD, BASED IN WISCONSIN APPROX. 200 LEASES, MOSTLY EQUIPMENT MANUFACTURING Ability to meet all disclosure requirements Technical accounting expertise Centralized database

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