LeaseCrunch: Critical Decisions Under The New Lease Standard

Ane Ohm, CPA

LeaseCrunch

  • CFE
  • CMA
  • CPA
  • CVA

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

The topic is also scheduled as live webinar on the following dates

May 18, 2021 | 12:00 PM EDT Register

Overview

  • Lease Term Wizard
    2 mins
  • Existing Balances
    13 mins
  • Related Parties
    18 mins
  • Embedded Leases
    27 mins
  • Separating Lease and Nonlease Components
    39 mins

Course Description

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.  

This online Lease CPE webinar will cover the critical decisions required under the new lease standard. We’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. 

This online CPE webinar covers key topics: 

A) what decisions should be made at implementation related to:

  • Discount rates
  • Existing balances
  • Leasehold improvements
  • Related parties
  • Materiality
  • Embedded Leases

B) Understand relief available at the implementation for 

  • Fair Value
  • Economic Life
  • Separating Lease and Non-lease Components

 

Recommended for:

This online webinar is recommended for accounting and attestation practitioners at all levels in both public accounting and private industry who want to learn about Lease accounting. 

Learning Objectives

  • To discuss the critical decisions required under the new lease standard.
  • To discuss implementation decisions related to discount rates
  • To explain how to handle existing balances, leasehold improvements, related parties, materiality and embedded leases.
  • To examine ongoing decisions related to the lease standard like fair value, economic life and separating lease and nonlease components.
  • To explain with the help of practical expedients

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Bookkeepers & Accountants & Tax Preparers
  • Certified Management Accountant
  • Certified Public Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Forensic Accountant
  • Senior Accountant
  • Young CPA