Business Impacts of the New Lease Standard ASC 842 1 Credit 1 Credit
Learn how businesses are impacted by ASC 842:
What’s not affected by ASC 842
The new accounting standard for leases, ASC 842 was issued to replace the previous lease standard ASC 840. Standard ASC 842 is already in effect for public companies and goes into effect in late 2021 for all other non-public organizations.
This Online CPE webinar course on Accounting will cover the business impacts of the new lease standard.
There is an estimated $3 trillion added to the public company balance sheet due to operating leases. The speaker Jess Vento will talk about that and more related to loan covenants, materiality, implementation, and maintenance of the standard. She’ll also discuss what’s not affected by ASC 842 including equity, income statement, and leasehold improvements.
Once you have completed this course, you’ll understand the business impacts and what is not affected by the standard (hint: Equity!).
Learn more with LeaseCrunch!
| License details | Credits | Status |
|---|---|---|
| Accounting for Certified Public Accountants (CPA-US) | 1 CPE | Approved |
| Financial Accounting for Certified Internal Auditors (CIA) | 1 CPE | Eligible |
| Financial Reporting for Certified Management Accountants (CMA) | 1 CPE | Eligible |
| Financial Reporting for Accredited in Business Valuation (ABV) | 1 CPD | Eligible |
| Accounting for Chartered Financial Analyst (CFA) | 1 PL | Eligible |
| Accounting for Certified Fraud Examiner (CFE) | 1 CPE | Eligible |
| Accounting for Certified Government Financial Manager (CGFM) | 1 CPE | Eligible |
| Accounting for Internal Audit Practitioner (IAP) | 1 CPE | Eligible |
| Financial Reporting for Certified Financial Forensics (CFF) | 1 CPD | Eligible |
| Financial accounting for Certified Valuation Analyst (CVA) | 1 CPE | Eligible |
| Accounting for Qualification in Internal Audit Leadership (QIAL) | 1 CPE | Eligible |
| Accounting for CIPM | 1 PL | Eligible |
| Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) | 1 CPE | Eligible |
| Financial accounting concepts for Certified FP&A Professional (FP&A) | 1 CE | Eligible |
| License details | Credits | Status |
|---|---|---|
| Accounting for Certified Public Accountants (CPA-US) | 1 CPE | Approved |
| Certified Internal Auditors (CIA) | 1 CPE | Eligible |
| Certified Management Accountants (CMA) | 1 CPE | Eligible |
| Accredited in Business Valuation (ABV) | 1 CPD | Eligible |
| Chartered Financial Analyst (CFA) | 1 PL | Eligible |
| Certified Fraud Examiner (CFE) | 1 CPE | Eligible |
| Certified Government Financial Manager (CGFM) | 1 CPE | Eligible |
| Internal Audit Practitioner (IAP) | 1 CPE | Eligible |
| Certified Wealth Strategist (CWS) | 1 CE | Eligible |
| Certified Fiduciary and Investment Risk Specialist (CFIRS) | 1 CE | Eligible |
| Certified Financial Forensics (CFF) | 1 CPD | Eligible |
| Certified Valuation Analyst (CVA) | 1 CPE | Eligible |
| Qualification in Internal Audit Leadership (QIAL) | 1 CPE | Eligible |
| CIPM | 1 PL | Eligible |
| Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) | 1 CPE | Eligible |
| Certified FP&A Professional (FP&A) | 1 CE | Eligible |
Credit
1
Course Level
Basic
Instructional Method
QAS Self Study
Group Internet Based
Pre-requisites
None
Advance Preparation
None
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.
Jess has a knack for operations, process improvement, and
helping her staff exceed expectations. Jess has an MBA in Leadership and
Management and a BA in Accounting, both from Ottawa University’s Brookfield, WI
campus. Jess’ varied professional experience includes working for companies
like US Bank, Harley-Davidson Motor Company, Burke Properties, and Founders 3
Real Estate Services. She has spent the last few years working directly with
clients to meet and exceed their goals. At LeaseCrunch, she serves as the go to
resource for CPA firms, coordinating what they need to successfully implement
the new lease standard and adopt lease accounting software.
 Jess has been President of the Accounting & Financial Women's Alliance (AFWA) Milwaukee Chapter and a contributor for MKE Moms Blog and is currently a member of TEMPO Milwaukee's Emerging Women Leaders group.
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After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
How are credits reported to governing bodies?
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
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