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Introduction to the Fundamentals of ASC 842

  • Accountant
  • CPA/ABV
  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CFA
  • IAP
  • QIAL
  • CIPM
  • CBA/MCBA
  • FPAC
  • CFIRS
  • CWS
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

The new lease accounting standard, ASC 842 takes effect on December 15, 2021. 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 Free CPE webinar for CPA & Accounting professionals will prepare them for the financial reporting challenges that the new guidance will impose on all financial statement preparers.

This Free CPE Event on Accounting Standard Update will prepare you for the transition by reviewing the foundational items of ASC 842 and reviewing in-depth examples to solidify your understanding. 

In this Free Online, Continuing Education webinar 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. 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.

In this online CPE Accounting webinar, you will understand how and why to prepare for the ASC 842 transition and how to collaborate with key team members to ensure the smooth adoption of this new accounting standard.

Key topics that will be covered in this free online CPE webinar:

  • In-depth analysis of the fundamentals of ASC 842
  • In-depth analysis of initial recognition examples for finance and operating leases
  • The impact to lessees

This FREE Continuing education is good for CPA, CMA, CIA, CVA, and other accounting and finance professionals.

Learning Objectives

  • To evaluate how ASC 842 impacts your business.
  • To review how to recognize a Right-Of-Use Asset and Lease Liability under ASC 842.
  • To provide an implementation framework to ease your team's transition.

Recommended For

  • This online CPE webinar is recommended for CPAs accounting and attestation practitioners at all levels in both public accounting and private industry who want to upgrade themselves in accounting standards for reporting the lease in financial statements.

Who Should Attend?

  • Accountant
  • Certificate in Investment Performance Management
  • Certified Fraud Examiner
  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • Certified Valuation Analysts
  • Chartered Financial Analyst
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
  • 1 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals
  • 1 CPD Credit of Financial Reporting for Accredited in Business Valuation (ABV)
  • 1 CPD Credit of Financial Reporting for Certified Financial Forensics (CFF)
  • 1 CPE Credit of Accounting for Certified Fraud Examiner (CFE)
  • 1 CPE Credit of Accounting for Certified Government Financial Manager (CGFM)
  • 1 CPE Credit of Financial Accounting for Certified Internal Auditors (CIA)
  • 1 CPE Credit of Financial accounting for Certified Valuation Analyst (CVA)
  • 1 CPE Credit of Accounting for Internal Audit Practitioner (IAP)
  • 1 CPE Credit of Accounting for Qualification in Internal Audit Leadership (QIAL)
  • 1 PL Credit of Accounting for Certificate In Investment Performance Measurement (CIPM)
  • 1 CPE Credit of Financial accounting for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 1 CRE Credit of Financial accounting concepts for Certified Corporate FP&A Professional (FPAC)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)
  • 1 PL Credit of Accounting for Chartered Financial Analyst (CFA)
  • 1 CPE Credit of Financial Reporting for Certified Management Accountants (CMA)

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    Group Internet Based
  • 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

About Presenter

Matt Giffune

Co-Founder, Occupier

Matt Giffune is the Co-Founder of Occupier, a software platform that helps your team stay in compliance with new lease accounting standards, drive better portfolio decisions, and track your deal pipeline. Matt lives in Boston, Massachusetts and spent a decade as a strategic tenant representation advisor at JLL, then as an early stage team member at VTS. He has a passion and vision for bringing commercial real estate online

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.
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  • 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.
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  • 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.

Ratings and Review

4.5

1394 Ratings

Excellent

857

Very Good

428

Average

99

Poor

7

Terrible

3

TM

Timothy Mizuo, CPA (US)

Mar 24th, 2022

Lauren presented the material in such a fashion that it forced me to learn. With the follow up webinar, I believe I will better grasp the concepts as I go through the exercise again. The fact that she had a hands on exercise after presenting the theory is invaluable and necessary in learning. Well done Lauren.

KH

Kari Holt,, CPA (US), EA

Apr 6th, 2022

A complex topic covered in just an hour. Given the complexity, I would definitely recommend taking this prior to taking Lauren's Advanced ASC 842 course! I feel like these 2 courses combined have prepared me really well to take on ASC 842 implementation across our firm. Thank you Lauren!

TD

Theodore Demarest, CPA (US)

Apr 28th, 2022

I mostly work on individual tax returns these days However, in the past, I did a good amount of accounting and bookkeeping. I am still trying to stay current with the new pronouncements. Who knows, I may some day have a need for lease software. Thanks......

AW

Alicia Washington, CPA (US)

Dec 8th, 2021

It was nice to be in an actual LIVE webinar that was TRULY interactive. This session included real life examples for us to work out and explanations of the calculations. Wish I could give it 10 stars! I would love to attend more of Lauren's session.

BF

Beau Fantuzzo, Accountant

Nov 11th, 2021

Very informative introduction to 842 standards. Specifically, the nature of the journal entries related to the new standards was very helpful, and the tools to evaluate the leases as operating/finance, and the schedules will be very very helpful!!

Fundamentals of ASC 842 CPE Course

FREE

1 Credit

Subject Area

Accounting

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