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LeaseCrunch: Lease Accounting Software Rollout Tips

4.6 (44)

Jess Vento, MBA

LeaseCrunch

  • CIA
  • CMA
  • CPA
  • IAP
  • QIAL

Published: June, 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 Internal Audit Practitioner (IAP)

1 CPE credit for Qualification in Internal Audit Leadership (QIAL)

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 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

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

Testimonial

4.6

(44)
64%
32%
5%
0%
0%

CW

na

MM

Great tips, didn't realize the implementation required to meet this standard.

GD

it is a good way to learn sth new!