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ASC 842 Lease Accounting Transition Workshop

ASC 842 LEASE ACCOUNTING TRANSITION WORKSHOP

Cost Free
Presentation Length 1.0 hour

Recorded DateOctober 28, 2021
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAccounting
Course LevelBasic
Course Description

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.

Learning Objectives:


  • Identify the necessary steps to successfully transition from the current standard to the new standard

  • Determine specific calculations to complete to help ensure your lease portfolio is complete

  • Evaluate the various functionalities available in lease accounting solutions and begin determining which are necessary for your organization

  • Recognize potential resources to help simplify the transition process and maintain compliance post-transition

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Leasequerylogo

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. 

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Amanda Payne

LeaseQuery, LLC
Technical Accounting Manager
amanda.payne@leasequery.com
(800) 880-7270

Leasequerylogo

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.

About Our Presenter

Leasequerylogo

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.