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.
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.
About Presenter
Ane Ohm, CPA
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.
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
myCPE self-study courses are online.
The self-study format allows you to access the material online 24/7 and study at your own pace.
As per NASBA guidelines, you have one year from date of registration to complete each program.
Complete your final exam at any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.
Course have minimum passing score of 70% and test takers will not be provided feedback on failed exams.
These are Live recorded presentations converted into Self Study (On-Demand Videos).
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