LeaseCrunch: Business Impacts of the New Lease Standard

4.6 (73)

Ane Ohm, CPA

LeaseCrunch

Tuesday, May 18, 2021 | 12:00 PM EDT

  • CMA
  • CPA
  • CVA
  • CFE

1 Credit

FREE

Subject Area

Accounting

Webinar Qualifies For

1 CPE credit of Accounting for all CPAs

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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This webinar is also available in self-study (On-Demand)

Click Here

Course Description

With every new accounting standard comes its business impacts. This online CE webinar for CPAs will discuss the impacts of ASC 842 – The new accounting standard for leases.

The new accounting standard for leases lease accounting standard, ASC 842 was issued to replace the previous lease standard ASC 840. Standard ASC 842 is already in effect for public companies and goes into effect in late 2021 for all other non-public organizations. 

This online CPE webinar will cover the business impacts of the new lease standard. It will discuss the following in detail:

  • Operating leases will add an estimated $3 trillion to public company balance sheets.
  • Loan covenants 
  • Materiality 
  • Implementation
  • Maintenance of the standard
  • What will not be affected by ASC 842 – Equity, income statements, and leasehold improvements


Once you have completed this continuing education webinar, you will be able to better understand the business impacts and what is not affected by the standard (hint: Equity!). Learn more with LeaseCrunch!

Learning Objectives

  • To learn how business are impacted by ASC 842
  • To understand what is not affected by ASC 842
  • To identify what it takes to get ready to implement ASC 842

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Practice Owners
  • 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

Array
(
    [no_of_record] => 73
    [average] => 4.5890
)
 

4.6

(73)
67%
25%
8%
0%
0%

AG

Timing was good; should allow us time to modify agreements before implementation.

RR

Great

PC

Presenter provided a great deal of information along with what to look for in leases

KZ

The webinar and pop up questions worked great

LA

Great platform!

JD

The instructor was very knowledgeable. The information was helpful and made me consider what outsourcing for lease accounting could do for me.