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LeaseCrunch: Business Impacts Of The New Lease Standard

4.3 (109)

Ane Ohm, CPA

LeaseCrunch

  • CFEs
  • CIA
  • CMA
  • CPA
  • CVA

Published: May, 2021

1 Credit

FREE

Subject Area

Accounting

Webinar Qualifies For

1 CPE credit of Accounting for all CPAs

1 CPE credit for Certified Management Accountants (CMA)

1 CPE credit for Certified Internal Auditors (CIA)

1 CPE credit for Certified Fraud Examiners (CFEs)

1 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

You need to register for the webinar to watch the video.

Click Here to Register

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

Overview

  • Lease Term Wizard
    2 mins
  • Operating Leases
    7 mins
  • Loan Covenants
    15 mins
  • Implementation
    23 mins
  • Equity
    31 mins
  • Leasehold Improvements
    37 mins
  • Key Points to Pay Attention to
    40 mins

Course Description

With every new accounting standard comes its business impacts. This online CE webinar for CPAs will discuss the impacts of ASC 842 – The new accounting standard for leases.

The new accounting standard for leases lease accounting standard, 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 non-public organizations. 

This online CPE webinar will cover the business impacts of the new lease standard. It will discuss the following in detail:

  • Operating leases will add an estimated $3 trillion to public company balance sheets.
  • Loan covenants 
  • Materiality 
  • Implementation
  • Maintenance of the standard
  • What will not be affected by ASC 842 – Equity, income statements, and leasehold improvements

Once you have completed this continuing education webinar, you will be able to better understand the business impacts and what is not affected by the standard (hint: Equity!). Learn more with LeaseCrunch!

Other Related Courses - A & A | Revenue Recognition | Lease Standard | GAAP |

Learning Objectives

  • To learn how business are impacted by ASC 842
  • To understand what is not affected by ASC 842
  • To identify what it takes to get ready to implement ASC 842

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Practice Owners
  • Bookkeepers & Accountants & Tax Preparers
  • Certified Fraud Examiner
  • Certified Management Accountant
  • Certified Public Accountant
  • Certified Valuation Analysts
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA

Testimonial

4.3

(109)
40%
46%
13%
1%
0%

LW

MyCPE is an effective program that provides a variety of courses for us to choose. I like it because it is easy and free to sign on. Thank you.

CW

na

TN

great class!

SJ

NA

DV

presenter spoke very well and knowledgably