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LeaseCrunch: Business Impacts of the New Lease Standard

4.4 (269)

Ane Ohm, CPA (US)

LeaseCrunch

Tuesday, August 17, 2021 | 01:00 PM EDT

  • CMA
  • CPA (US)
  • 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 Course 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

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(
    [no_of_record] => 269
    [average] => 4.4461
)
 

4.4

(269)
55%
34%
10%
0%
0%

JD

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

DB

Free access to these subject matter experts is such an amazing value. Thank you for putting this presentation together and facilitating such an important conversation around the tricking lease accounting standards transition.

DL

Great webinar. I've had some exposure at my previous employer where the lease standard for leases was already implemented

SM

I really liked this webinar. It was down to earth and contained great, practical guidance from people who have already implemented ASC 842. I've already sent an e-mail to my team about some of the items mentioned.

RR

I really appreciated the instructors answer individual-specific examples/questions and providing additional resources where you can look for technical accounting guidance on their site and blogs

PC

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