LeaseCrunch: Critical Decisions under 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

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 (CMA)
Certified Public Accountant (CPA)
CPA (Industry)
CPA - Mid Size Firm
CPA - Small Firm
Forensic Accountant
Senior Accountant
Young CPA

Course Qualification

Webinar Qualifies For

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

To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
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This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
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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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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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