Whether you have several or several hundred leases, transitioning to the new lease accounting standard may take longer than you think, and the deadline to complete this transition is rapidly approaching. Private companies and not-for-profit entities reporting under ASC 842 must comply with annual reporting periods beginning after December 15, 2021. Do you know your first step?
Join our interactive CPE workshop where accounting experts will take you through 11 detailed steps for successfully transitioning to the new lease accounting standard. We will then highlight helpful resources such as our embedded lease test, present value calculator, and more to ensure your transition goes smoothly from start to finish.
Make sure to download this checklist prior to the workshop so you can follow along and interact with our experts live.
Kiley Arnold is an Accounting Manager at LeaseQuery and a CPA, certified in the state of Georgia. She started her career as an auditor at Arthur Andersen. She moved into a Senior Accountant role and later served as an Assistant Controller in companies across multiple industries, including healthcare, transportation, media, and manufacturing. In her most recent role, Kiley led the IFRS 16 implementation team for a global manufacturing company.
Amanda Payne is a Technical Accounting Manager at LeaseQuery. She began her career at Ernst & Young (EY) in assurance services working with clients in the public, private, and nonprofit sectors. There she was responsible for planning and performing audit procedures, collecting and organizing ongoing support from client management, and leading and presenting to client management and assurance teams in the Americas, India, and Egypt. Amanda earned a bachelor’s degree in Accounting with a Specialization in Professional Accounting from the University of Alabama and a master’s degree in Accounting from Troy University.
LeaseQuery helps more than 10,000 accountants and other finance professionals eliminate lease accounting errors through its CPA-approved lease accounting software. It is the first lease accounting software built by accountants for accountants. By providing specialized consulting services in addition to its software solution, LeaseQuery facilitates compliance with the most comprehensive regulatory reform in 40 years for companies across all sectors. For more information about LeaseQuery, visit LeaseQuery.com.