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LeaseCrunch: About The New Lease Standard

  • CPA/ABV
  • CFE
  • CMA
  • CPA (US)
  • CVA

Published: April, 2021

Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • Faq

Course Description

Overview

  • ASC 840 to ASC 842: Differences and Similarities
    4 mins
  • Surprises with the New Lease Standard
    13 mins
  • FASB: No Materiality Explicitly Included
    20 mins
  • Common Mistakes to Avoid
    24 mins
  • Unexpected Business Impacts
    33 mins
  • Hire an Expert
    39 mins

Course Description

ASC 842, Leases, fundamentally changed the accounting for leases. With increased transparency and comparability being the goal of the standard by the Financial Accounting Standards Board (FASB), nearly all leases are required to be recognized on the balance sheet.

This course will cover the ASC 840 to ASC 842 Differences, Similarities, and Timeline. We'll also cover surprises with the New Lease Standard including embedded leases, Real Estate Leases and Related parties. We'll provide a summary of practical expedients, as well. Once you've completed this course, you'll know what common mistakes to avoid when implementing ASC 842 and tips to simplify the process of implementation. 

Recommended for:

This online CPE webinar for CPAs is recommended for Accountants who want to update their knowledge and skills

Learning Objectives

  • To identify the Differences and Similarities of ASC 840 and ASC 842
  • To understand the Surprises that come from the New Lease Standard
  • To understand Common Mistakes to Avoid
  • To understand the Unexpected Business Impacts of the change in lease standard
  • Tips to Simplify Implementation

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 CPD Credit for Accredited in Business Valuation (ABV)
  • 1 CPE Credit for Certified Fraud Examiner (CFE)
  • 1 CPE Credit for Certified Management Accountants (CMA)
  • 1 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
  • 1 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
  • 1 CPE Credit for Certified Valuation Analyst (CVA)

Presenter

About Presenter

Ane Ohm, CPA (US)

Certified Public Accountant (CPA) LeaseCrunch

Ane is co-founder and CEO of LeaseCrunch, the easiest lease accounting software on the market. Ane loves talking about leases and is passionate about helping organizations use technology to be more effective in their daily lives.

Previous roles include CEO of HarQen, president of LaserNet (acquired by Apex), vice president at Cielo, and vice president at Strong Financial Corp. She started her career as an auditor with Coopers & Lybrand (now PricewaterhouseCoopers) after graduating with a BBA-Accounting degree from the University of Wisconsin at Madison.

About Company

LeaseCrunch

leasecrunch.com

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.

Faq

FAQs content

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  • 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.
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  • 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

4.5

327 Ratings

Excellent

197

Very Good

114

Average

15

Poor

1

Terrible

0

PG

Paul Goodhew, Others

Dec 22nd, 2021

n/a

EP

Edmund Pascual, CPA (US)

Dec 13th, 2021

Great!

GM

Ghazwan Mikeal, CPA (US)

Nov 17th, 2021

great course

EH

Elizabeth Hernandez, CPA (US)

Nov 17th, 2021

really enjoyed this course and the instructor

HS

Hunter Seymour, CPA (US)

Oct 30th, 2021

Great