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The Ultimate Lease Accounting Guide: How to prepare for ASC 842

  • CPA (US)
  • CIA
  • IAP
  • Accountant/Bookkeeper/Tax Professionals

Free (Only Today)

0.5 Credit

Subject Area

Accounting
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

The new Lease accounting standard, ASC 842 takes effect on December 15, 2021 for private companies. This accounting standard aims to bring leases onto the balance sheet and increase transparency and visibility into an organization's lease assets. 

ASC Topic 842 will substantially alter how companies account for leases in their financial statements. This Online CPE webinar for CPA & Accounting Professional will prepare them for the financial reporting challenges that the new guidance will impose on all financial statement preparers.

In this Online Continuing Education E-Book Course, CPA & Financial professionals will get a comprehensive understanding of the changes that the new pronouncement (ASC Topic 842) will make to the current accounting rules for leases.

This Accounting CPE E-Book covers the following Key Topics: 

  • How to prepare for the ASC 842 transition
  • We will define the new lease accounting standards
  • We’ll help you identify an implementation roadmap
  • We’ll help you evaluate the necessary resources and team alignment 

Learning Objectives

  • To gain understanding of the fundamentals of ASC 842
  • To explore how to record a lease liability and right of use asset
  • To discuss how to account for lease modifications

Course Qualification

Webinar Qualifies For

  • 0.5 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
  • 0.5 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals
  • 0.5 CPE Credit of Financial Accounting for Certified Internal Auditors (CIA)
  • 0.5 CPE Credit of Accounting for Internal Audit Practitioner (IAP)

Additional details

  • Course Level :
    Basic
  • Credits :
    0.5
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

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 through its website: www.NASBARegistry.org.

Presenter

About Presenter

Lauren Covell, CPA (US)

Vice President, Finance, Occupier

Lauren Covell is a Certified Public Accountant who currently lives in St. Louis, Missouri. She started her career in the PwC audit practice. After PwC, she joined a consulting firm and assisted companies in navigating complex technical accounting matters and streamlined their monthly close processes. Prior to joining Occupier, she was responsible for implementing ASC 842 for a vast portfolio of retail and equipment leases at a high growth consumer products company.  Lauren is also passionate about collaborating with others to optimize solutions and creating win-wins for every stakeholder in the process

About Company

Occupier

www.occupier.com

Founded in 2018 and headquartered in New York City, Occupier is one of the leading lease solution providers for tenants. Tenants are faced with unique real estate challenges and we set out to build digital solutions that automate and streamline the management of your lease portfolio and transactions. We are SOC1 compliant and we ensure that every lease in your portfolio is in compliance with ASC 842, and IFRS 16

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.
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Ratings and Review

4.5

164 Ratings

Excellent

91

Very Good

56

Average

17

Poor

0

Terrible

0

KH

Kari Holt,, CPA (US), EA

Feb 11th, 2022

I highly recommend ALL of Lauren's courses on the complex new lease accounting standards in ASC 842!

AS

Adam Schneider, CPA (US)

Nov 3rd, 2023

It was great. The handout was super helpful to learn about 842

LM

Lawrence Mcmanus, CPA (US)

Apr 9th, 2022

good and helpful article

MUA

Muhammad Usman Ahmad, Accounting Manager

Jun 25th, 2022

Good

JA

Jameela Almuharrami, Others

May 26th, 2022

good