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Introduction to the Fundamentals of ASC 842

  • CPA/ABV
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • IAP
  • 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 Professional 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 webinar you will understand how and why to prepare for the ASC 842 transition and how to collaborate with key team members to ensure 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 goods 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 accounting and attestation practitioners at all levels in both public accounting and private industry who want to upgrade themselves about accounting standard for reporting of lease in financial statements.

Who Should Attend?

  • Accountant
  • Accounting and audit managers/practitioners
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Accounts Director
  • Bookkeepers & Accountants & Tax Preparers
  • Certified Public Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA

Course Qualification

Webinar Qualifies For

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.

Ratings and Review

4.6

599 Ratings

Excellent

387

Very Good

173

Average

37

Poor

2

Terrible

0

TK

Tyler Konarik, CPA (US)

Dec 9th, 2021

Really informative class

LL

Lauren Lee, CPA (US)

Dec 9th, 2021

na

AB

Amanda Barlow, CPA (US)

Dec 9th, 2021

Great

AY

Arnold Yuen

Dec 8th, 2021

Great topic and great information

SM

Stephen Moll, CPA (US)

Dec 8th, 2021

Good information and spreadsheets.

Fundamentals of ASC 842 CPE Course

FREE

1 Credit

Subject Area

Accounting

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