The Road to Lease Accounting Compliance

Course Description
Course Qualification
Presenter
FAQ

Course Description

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:

COVID-19 pandemic ramifications
Staffing and talent challenges
Determining the best transition options for your organization

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.

Learning Objectives

To recognize the applicability of the standard and the challenges in identifying when a lease exists
To discuss the top three roadblocks for private company compliance.
To explore valuable industry insights from common concerns for the new lease accounting standard.
To explain benefits beyond compliance.

Recommended For

This Online CPE webinar is recommended for CMA, CPA (US), CIA, IAP, QIAL, CVA, ABV, CBA/MCBA, and other accounting and finance professionals who want to understand and tackle the concerns impacting lease accounting compliance.

Who Should Attend?

Accountant
Accounting Firm
Certified Management Accountant (CMA)
Certified Public Accountant (CPA)
CPA - Large Firm
CPA - Mid Size Firm
CPA - Small Firm
Young CPA

Course Qualification

Webinar Qualifies For

1 CPD Credit of Financial Reporting for Accredited in Business Valuation (ABV)
1 CPE Credit for Certified Internal Auditors (CIA)
1 CPE Credit for Certified Management Accountants (CMA)
1 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
1 CPE Credit for Certified Valuation Analyst (CVA)
1 CPE Credit for Internal Audit Practitioner (IAP)
1 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
1 CPE Credit for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
1 CPD Credit for Certified Financial Forensics (CFF)
1 CPE Credit for Certified Fraud Examiner (CFE)
1 CPE Credit for Certified Government Financial Manager (CGFM)
1 PL Credit for Chartered Financial Analyst (CFA)
1 PL Credit for Certificate In Investment Performance Measurement (CIPM)
1 CRE Credit for Certified Corporate FP&A Professional (FPAC)
1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
1 CE Credit for Certified Wealth Strategist (CWS)
1 General Credit for Accountant/Bookeeper

Additional details

Course Level :

Basic
Credits :

1
Instructional Method :

Group Internet Based
Pre-requisites :

None
Advance Preparation :

None

NASBA APPROVED

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.

Presenter

About Presenter

Justin Shemaria, CPA (US)

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.

About Company

LeaseQuery, LLC

leasequery.com/

LeaseQuery is a lease accounting software purpose built by accountants to enable compliance with accounting standards from the FASB, IASB and GASB. LeaseQuery helps more than 10,000 accountants and other finance professionals with lease accounting through compliance and beyond. From reporting to journal entries, our CPA-approved, cloud-based solution simplifies lease accounting and facilitates compliance for organizations across all sectors. It is the first lease accounting software built by accountants for accountants. By providing specialized consulting services in addition to its software solution, LeaseQuery facilitates compliance with the most comprehensive regulatory reform in 40 years for businesses across all sectors.

About Presenter

Shannon Matthews

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.

About Company

LeaseQuery, LLC

leasequery.com/

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

4.3

104 Ratings

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Leslie London, Accountant

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.