Guide on Lease Accounting Software | Free CPE Course

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

Course Description
Course Qualification
Presenter
Faq

Course Description

Overview

Lease Classification

4 mins
Overview - Key Terms

10 mins
ASC 840 to ASC 842: Differences and Similarities

17 mins
Selecting Lease Accounting Software

23 mins
software Implementation

36 mins

Course Description

For public companies, the new lease accounting standard is already in place. For non-public companies, the standard goes into effect for fiscal years starting after 12/15/21. Now is the time to learn about what it will take to implement the standard and prepare your lease portfolio.

This online CPE course will cover a brief overview of ASC 842 including implementation dates, key terms, differences and similarities between ASC 840 and ASC 842. We’ll cover what to look for when selecting lease accounting software and what to get ready before implementation including policy elections, determining your initial application date, discount rates and more.

Learning Objectives

To discuss key dates related to ASC 842
To identify key terms related to ASC 842
To identify the policy elections to be made when implementing ASC 842
To evaluate how ASC 842 impacts your business
To review how to recognize a Right-Of-Use Asset and Lease Liability under ASC 842
To provide an implementation framework to ease your team's transition

Recommended For

This online CPE webinar is recommended for Accounting and attestation practitioners at all levels in both public accounting and private industry who want to upgrade themselves about accounting standard for reporting of lease in financial statements.

Who Should Attend?

Accountant
Accounting and audit managers/practitioners
Accounting Firm
Accounting Managers
Accounts Director
Auditors
Bookkeepers & Accountants & Tax Preparers
Certified Management Accountant
Chief Accounting Officer
Cloud Accountants
CPA (Industry)
CPA - Mid Size Firm
CPA - Small Firm
CPA in Business
Senior Accountant
Staff of Accounting Firm
Young CPA

Course Qualification

Webinar Qualifies For

1 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
1 CPE Credit for Internal Audit Practitioner (IAP)
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 Management Accountants (CMA)
1 CPE Credit of Accounting & Auditing for Certified Internal Auditors (CIA)
1 CPE Credit of Accounting & Auditing for Certified Internal Auditors (CIA)

Presenter

About Presenter

Jess Vento, MBA

Director of Customer Success LeaseCrunch

Jess has a knack for operations, process improvement, and helping her staff exceed expectations. Jess has an MBA in Leadership and Management and a BA in Accounting, both from Ottawa University’s Brookfield, WI campus. Jess’ varied professional experience includes working for companies like US Bank, Harley-Davidson Motor Company, Burke Properties, and Founders 3 Real Estate Services. She has spent the last few years working directly with clients to meet and exceed their goals. At LeaseCrunch, she serves as the go to resource for CPA firms, coordinating what they need to successfully implement the new lease standard and adopt lease accounting software.

Jess has been President of the Accounting & Financial Women's Alliance (AFWA) Milwaukee Chapter and a contributor for MKE Moms Blog and is currently a member of TEMPO Milwaukee's Emerging Women Leaders group.

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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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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