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Introduction to the Fundamentals of ASC 842

  • CPA/ABV
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • IAP
  • QIAL
Fundamentals of ASC 842 CPE Course

1 Credit

FREE

Subject Area

Accounting

Webinar Qualifies For

1 CPE credit of Accounting for all CPAs

1 CPE credit for Certified Management Accountants (CMA)

1 CPE credit for Certified Internal Auditors (CIA)

1 CPE credit for Internal Audit Practitioner (IAP)

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

1 CPD credit (Verifiable) for CPA/ABV

1 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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

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

Testimonial

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    [average] => 4.5752
    [no_of_record] => 266
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4.6

(266)
65%
27%
7%
0%
0%

DC

This was a great introduction to the new lease accounting standard and for anyone just getting into the guidance the templates provided will be valuable.

RS

I thought the webcast was highly effective in presenting the core requirements of a broad and complex new accounting standard.

PE

This is a very relevant topic. The instructor was well informed and a great communicator. The slides and handouts were very helpful.

CG

N/A

SK

One of the best courses I've attended! Thanks!!

AK

It’s informative and useful