Published: April, 2022
The new accounting standard for leases, 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 organizations.
In this Online CPE course on Accounting Jess Vento will cover the critical decisions required under the new lease standard. She’ll cover implementation decisions related to discount rates, how to handle existing balances, leasehold improvements, related parties, materiality, and embedded leases. For these decisions, we’ll include practical expedients and mistakes to avoid. This course will also include ongoing decisions related to the lease standard like fair value, economic life, and separating lease and non-lease components.
Once you’ve completed this course, you’ll understand what critical decisions should be considered when implementing the new lease standard. Learn more with LeaseCrunch!
To discuss what decisions should be made at implementation related to:
To discuss relief available at the implementation for
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.
Director of Customer Success, LeaseCrunch
Jess has a knack for operations, process improvement, and helping her staff exceed expectations. Jess has an MBA in Leadership and Management and a BA in Accounting, both from Ottawa University’s Brookfield, WI campus. Jess’ varied professional experience includes working for companies like US Bank, Harley-Davidson Motor Company, Burke Properties, and Founders 3 Real Estate Services. She has spent the last few years working directly with clients to meet and exceed their goals. At LeaseCrunch, she serves as the go to resource for CPA firms, coordinating what they need to successfully implement the new lease standard and adopt lease accounting software.
Jess has been President of the Accounting & Financial Women's Alliance (AFWA) Milwaukee Chapter and a contributor for MKE Moms Blog and is currently a member of TEMPO Milwaukee's Emerging Women Leaders group.
LeaseCrunch, the easiest lease accounting software on the market, is a comprehensive, cloud-based solution. LeaseCrunch helps organizations implement the new lease accounting standards, ASC 842, GASB 87, GASB 96, and IFRS 16.
A simple but powerful tool, LeaseCrunch significantly reduces the time needed to transition, account for, and maintain leases.
Mar 29th, 2022
Very informative presentation with real-life application. Particularly appreciated the extra time spent on the effective date, the discount rates, and the embedded leases. Also going through advantages and disadvantages of various decisions was very helpful.
Jun 22nd, 2022
myCPE is so easy to use and offers a great variety of free and low cost webinars, great resource for obtaining CPE credits. The presenter for this webinar had a strong knowledge of the updates to the leasing standard and presented it well.
Jul 8th, 2022
Excellent material and Jess provides clear information in an easy-to-understand way. This is my 2nd video on ASC 842 and I have not only reinforced my prior knowledge, but gained several new, key concepts here in this video. Great job!
Mar 29th, 2022
Excellent webinar. It covered a lot of the implementation topics to be considered as well as common misstakes, etc.
Jun 21st, 2022
It'll be nice if the presentation slides could be shared and downloaded for future reference.