LeaseCrunch: About the New Lease Standard

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)
1 CPE Credit for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
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 :

QAS Self Study
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

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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Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
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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.
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