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The new Accounting Standards Codification (ASC) Topic 842, Leases, was issued to replace the previous lease standard ASC 840. Thanks to the now unavoidable implementation of ASC 842 for companies under US GAAP, which requires lessees to record nearly all leases on their balance sheets, public companies are now seeing their balance sheets “blowing up.”But it’s not only publicly-traded entities being impacted. All non-public entities following US GAAP must also comply with their own ASC 842 mandates during their 2022 fiscal year.
In a recent survey, we asked more than 270 accounting and finance professionals to share their biggest priorities and roadblocks during their lease accounting transition journey. The gap between private companies who believe they are on track to comply with ASC 842 in the time remaining and those who have begun the process is surprising, especially given the firsthand experiences shared by public companies.
During this CPE webinar, we will review the results from this report, one of which is the naming of the top three concerns impacting lease accounting compliance now:
In this CPE Accounting course, we will also share tips for how to handle those concerns while ensuring a smooth and successful transition to the new lease accounting standard.
Advisor, LeaseQuery, LLC
Kiley Arnold is an
Accounting Manager at LeaseQuery. She started her career as an auditor at
Arthur Andersen and became a CPA certified in the state of Georgia. From there,
she moved into a Senior Accountant role and later served as an Assistant
Controller in companies across multiple industries including healthcare,
transportation, media, and manufacturing. In her most recent role, Kiley led
the IFRS 16 implementation team for a global manufacturing company. Kiley holds
a Bachelor's degree in Accounting from Oglethorpe University.
Marketing Communications Manager, LeaseQuery, LLC
Shannon is a dedicated Marketing Communications professional with 10 years of B2B marcomms experience, specifically in the technology space. Her technology background includes medical, ERP, supply chain, marketing automation, retail and accounting.
Duration
Course Level
Instructional Method
Pre-requisites
Advance Preparation
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.
106 Ratings
Excellent
51
Very Good
40
Average
14
Poor
0
Terrible
1
LL
Mar 16th, 2022
Thank you for the information. We are a small non-profit and will be using Excel to manage our leases since we only have 5. I will definitely keep this company in mind if we ever need to look at a lease program.
KL
Mar 15th, 2022
like the way it was a presented/ thoughtful, enlighneing without being preachy. But they did great getting point across now is time to start
BV
Mar 15th, 2022
Great Overview of a tough topic.
AM
Mar 15th, 2022
wonderful webinar
NM
Mar 16th, 2022
f
1 Credit
Add to WatchlistThis course is set to be rescheduled shortly. Please fill out the short form below, and we'll let you know as soon as the course becomes available
1. How can I earn Continuing Education credits for live webinars?
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