CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

Advanced ASC 842 Lease Accounting for Lessees

  • CIA
  • CMA
  • CPA (US)
  • IAP
  • QIAL
Lease Accounting New Standard (ASC 842)

1.5 Credits

FREE

Subject Area

Accounting

Webinar Qualifies For

1.5 CPE credit of Accounting for all CPAs

1.5 CPE credit for Certified Management Accountants (CMA)

1.5 CPE credit for Certified Internal Auditors (CIA)

1.5 CPE credit for Internal Audit Practitioner (IAP)

1.5 CPE credit for Qualification in Internal Audit Leadership (QIAL)

1.5 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

SOX Internal Controls For Accounts Payable, Receivable & Inventory

(13)

Oct 20, 2021 | 09:00 AM EDT View Details

S-Corp Preparation, Basis Calculations & Distributions – Form 1120S Schedule K & K-1 Analysis

(119)

Oct 20, 2021 | 09:00 AM EDT View Details

Is It Time for a Development Audit?

(1)

Oct 20, 2021 | 09:00 AM EDT View Details

IFRS Fixed Assets (Property, Plant & Equipment)

(6)

Oct 20, 2021 | 09:30 AM EDT View Details

QBO: Build Right Chart of Accounts - Base for Accounting and Reading Financial Statement

(5)

Oct 20, 2021 | 10:00 AM EDT View Details

How to deal effectively with IRS Examinations and Criminal Investigations?

(21)

Oct 20, 2021 | 10:00 AM EDT View Details

SOX Overview

Oct 20, 2021 | 10:00 AM EDT View Details

Excel Accountant: Dynamic Arrays

(2)

Oct 20, 2021 | 10:00 AM EDT View Details

Avoid Liabilities-Perfect your Understanding of Payroll Tax Withholding

(2)

Oct 20, 2021 | 10:00 AM EDT View Details

Proper Preparation Submission & Negotiation - Offers in compromise(OIC)

(206)

Oct 20, 2021 | 10:00 AM EDT View Details

Building the Best Employee Handbook

(76)

Oct 20, 2021 | 10:00 AM EDT View Details

Powerful PowerPoint Presentations

Oct 20, 2021 | 10:00 AM EDT View Details

Key Estate Planning Considerations

(1343)

Oct 20, 2021 | 10:30 AM EDT View Details

Adding Value to Retirement Plan Audits through Plan Governance: Overview

(176)

Oct 20, 2021 | 10:30 AM EDT View Details

Accounting & Tax Implications of Credit Losses

(2)

Oct 20, 2021 | 10:30 AM EDT View Details

Course Description

The new Accounting Standards Codification (ASC) Topic 842, leases, issued to replace the previous leases standard ASC 840. Thanks to the now required implementation of ASC 842, which demands that lessees record nearly all leases on their balance sheets, public businesses are now seeing their balance sheets “blowing up.” It’s not just public businesses, as non-public companies are being put on notice for an upcoming effective date of their own ASC 842 mandates.

The new lease standard requires more from lessees. Now is the time to start learning about and getting ready to implement ASC 842. Knowing that the lease standard goes into effect in late 2021, In this continuing education course we’ll talk about what it will take to gather your lease portfolio, get started analysing those leases and review contracts for embedded leases. We’ve pulled together a list of real-world lease examples and we’ll talk about how to calculate the lease liability, ROU asset and discuss practical expedients.

ASC Topic 842 will substantially alter how companies account for leases in their financial statements. This online CPE webinar will prepare you for the financial reporting challenges that the new guidance will impose on all financial statement preparers.

This free continuing education course will mainly focus to give financial professionals a comprehensive understanding of the changes that the new pronouncement (ASC Topic 842) will make to the current accounting rules for leases. You’ll examine how the new rules will impact your financial statements, and you’ll gain practical guidance on how to apply the new rules to your company’s reporting situation.

Key topics covered in this ASC 842 online webinar are:

  • Best practices for transitioning to the new rules
  • Sample journal entries
  • New disclosure requirements for lessees and lessors
  • Accounting for sale/leaseback transactions

The impact of the new rules on financial reporting of income taxes and leases acquired in a business combination

Learning Objectives

  • To explore how to record a lease liability and right of use asset
  • To discuss how to account for lease modifications
  • To identify financial statement disclosure requirements for leases 

Who Should Attend?

  • Accountant
  • Accounting and audit managers/practitioners
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Accounts Director
  • Auditors
  • Business Owner
  • CEO
  • CFO/Controller
  • Chief Accounting Officer
  • Compliance Managers
  • Compliance Officers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Director of Accounting
  • Director of Financial Reporting
  • Entrepreneurial CPA
  • Information Reporting Officers
  • Senior Accountant
  • Young CPA

Testimonial

4.6

(341)
70%
24%
6%
0%
0%

KH

Great, interactive training on a complex subject. I really enjoyed working through the case studies to enhance my understanding of the new lease accounting rules. I will definitely be using the excel templates provided. Thank you Lauren!

DC

Great presenter and download spreadsheet is awesome.

RJ

Great instructor; great information. however, I did not get a dialog box when they presented polling question #5.

MS

This was a great webinar! The excel practice questions and interaction with the presenter was very helpful, especially with a difficult topic.

HK

Instructor's speaking style and pacing was really engaging and interesting. Her excel file had precisely the right formulas to automatically & easily calculate ASC 842 schedules & JE's. I liked that she gave us "class work" to calculate the various numbers for ASC 842 accounting including JE's & went over the correct process after giving us time to work it out on our own. Extremely informative. This was the best format I could have hoped for.

HN

myCPE is great