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Is an Internal or External Lease Management Center of Excellence (CoE) Right for You as a Large Lessee? 1 Credit

Oct 19, 2023, 11:00 AM ET

Is an Internal or External Lease Management Center of Excellence (CoE) Right for You as a Large Lessee? 1 Credit

Pros, Cons, and Roadmap to Success

  • Bruce Conway

    CPA in Canada

  • Rating

    4.6

  • Reviewed on

    January, 2024

  • Subject Area

    Accounting

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Oct 19, 2023, 11:00 AM ET

Learning Objective

  • To identify the key differences between outsourcing lease management and building an internal Center of Excellence (CoE), enabling organizations to make informed decisions about their lease management strategy.
  • To explore strategies for streamlining complex lease management processes that involve multiple stakeholders across different divisions and geographies, fostering collaboration and efficiency within the organization.
  • To emphasize the pivotal role of technology and data in internal lease management, equipping participants with insights into leveraging cutting-edge tools and data analytics to drive transformative change in lease management practices.

Course Overview

The adoption of ASC 842 and IFRS 16 has transformed lease management for companies, sparking discussions on outsourcing options and the benefits of centralized lease functions. 

While numerous publications and webinars have shed light on the advantages of outsourcing, there is a notable lack of guidance for organizations considering the establishment of an internal Center of Excellence (CoE) or centralizing specific lease functions. Given the varied processes involving multiple stakeholders across different divisions and geographies, each with specific skill sets, this can be particularly challenging. This webinar will explore those considerations unique to lessees, with a particular focus on people and technology, using data and accounting to drive change.

In this CPE Accounting Webinar, we will examine and discuss the following topics:

  • Process identification: How to identify the processes within lease management that are ready for change (lease negotiation, end of term, accounting, etc.)
  • Skill set identification: How to determine the skill sets required in the Lease Management CoE.
  • Software and integration capabilities: How software and integration capabilities can facilitate centralization while maintaining control.
  • Data and technology interaction: How the CoE utilizes data and technology to interact with accounting stakeholders.
  • Spend control: How to leverage the CoE and technology to help Treasury and Procurement control spending at lease inception, and asset owners at the end of term.

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 1 CPE Approved
Accounting for CPA in Canada 1 CPD Eligible
Financial Accounting for Certified Internal Auditors (CIA) 1 CPE Eligible
Management Accounting for Certified Management Accountants (CMA) 1 CPE Eligible
Financial Reporting for Chartered Global Management Accountants (CGMA) 1 CPE Eligible
Accounting for Chartered Financial Analyst (CFA) 1 PL Eligible
Accounting for Delaware Licensed Public Accountant (DE-LPA) 1 CPE 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
Association of Chartered Certified Accountants (ACCA) 1 CPD Eligible
Chartered Accountant - ICAEW 1 CPD Eligible
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 Iowa Licensed Public Accountant (IA-LPA) 1 CPE Eligible
Accounting for Maine Licensed Public Accountant (ME-LPA) 1 CPE Eligible
Chartered Accountants - Ireland (CAI) 1 CPD Eligible
Chartered Accountants - Scotland 1 CPD Eligible
CPA - Ireland 1 CPD Eligible
Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 1 CPE Eligible
Accounting for CIPM 1 PL Eligible
Certified FP&A Professional (FP&A) 1 CE Eligible
License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 1 CPE Approved
Accounting for CPA in Canada 1 CPD Eligible
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
Financial Reporting for Chartered Global Management Accountants (CGMA) 1 CPE Eligible
Accounting for Chartered Financial Analyst (CFA) 1 PL Eligible
Accounting for Delaware Licensed Public Accountant (DE-LPA) 1 CPE 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
Association of Chartered Certified Accountants (ACCA) 1 CPD Eligible
Chartered Accountant - ICAEW 1 CPD 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 Iowa Licensed Public Accountant (IA-LPA) 1 CPE Eligible
Accounting for Maine Licensed Public Accountant (ME-LPA) 1 CPE Eligible
Financial accounting concepts for Certified FP&A Professional (FP&A) 1 CE Eligible
Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 1 CPE Eligible
Accounting for CIPM 1 PL Eligible
Chartered Accountants - Ireland (CAI) 1 CPD Eligible
Chartered Accountants - Scotland 1 CPD Eligible
CPA - Ireland 1 CPD Eligible

Additional Information

Credit

1

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

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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.

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About Instructor

Bruce Conway is a Senior Advisor, Solution Engineering at Nakisa. Bruce is a Chartered Professional Accountant (CPA) with over 23 years of experience in managing lease portfolios for numerous Fortune 1000 companies. He has played a pivotal role in developing cutting-edge Software as a Service (SaaS) used by lessees worldwide and has utilized this software to serve clients from lease origination to termination. In recent years, Bruce has been a subject matter expert heavily involved in financial software implementations for many Fortune 1000 companies seeking compliance with ASC 842 and IFRS 16 lease accounting requirements. Most recently, he held the role of Global Leasing Manager for one of the world’s largest and most complex equipment and real estate lease portfolios. Before his tenure in Equipment Leasing and Leasing Software, Bruce held various controllership roles and enjoyed a successful career with both KPMG and Price Waterhouse (PwC).

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course 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.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

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.

Reviews and Ratings

out of 5

Excellent

Very Good

Average

Poor

Terrible

GH

Gregory Howell, CPA (US)

5

This was a fantastic webinar on a topic that I know absolutely nothing about. So it is of no use to me. However, it did get me an hour of CPE credit.

DH

Darryl Horton, CPA (US)

5

Great handout material governing the understanding of CoE, and the role it plays in organization.

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