LeaseCrunch Continuing Professional Education Opportunities
The LeaseCrunch team has partnered with a number of providers to offer continuing professional education to the Accounting community we serve. Below you'll find course descriptions and registration links for all upcoming opportunities.
Applying Lessons Learned To Assure a Successful ASC 842 Adoption With the effective date of ASC 842, Leases, imminent, it's time to get tactical with your implementation plan. In this webinar, Ane Ohm, the co-founder and CEO of leading lease accounting software provider LeaseCrunch, joins Surgent to discuss lessons learned and best practices from those who have already completed ASC 842 adoption to help assure a successful implementation of this complex accounting standard. Ane will discuss her experiences in assisting companies through the nuances of ASC 842, from navigating its complex guidance on such topics as lease term, lease payments, and discount rates to providing a road map for performing transition accounting. Plus, she'll demonstrate the value of using lease accounting software to assist in these activities. With time at a premium, this webinar will allow you to focus on the important activities that you should be doing now to complete your ASC 842 implementation.
Business Impacts of the New Lease Standard Every new accounting standard comes with its business impacts. This online webinar will discuss the impacts of ASC 842, the new accounting standard for leases. This standard was issued to replace previous lease standard ASC 840 and is already in effect for public companies. It goes into effect in late 2021 for all other non-public organizations. This webinar cover the business impacts of the new standard and will discuss in detail, operating leases, loan covenants, materiality, implementation, maintenance of the standard and what will not be effective (hint: Equity!).
Getting Started with Lease Accounting (ASC 842) The new account 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 non-public organizations. This course will cover everything you need to know to get started with implementation including what do to before you get started, identifying the entire lease portfolio and analyzing current processes. We'll also discuss current systems, planning for new systems and discussions with key stakeholders.
LeaseCrunch: About the New Lease Standard ASC 842, Leases, fundamentally changed the accounting for leases. With increased transparency and comparability being the goal of the standard by the Financial Accounting Standards Board (FASB), nearly all leases are required to be recognized on the balance sheet.
LeaseCrunch: Critical Descisions under the new Lease Standard 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 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.
LeaseCrunch® provides a comprehensive, cloud-based software solution to help companies implement the new lease accounting standards. Built with the CPA firm in mind, LeaseCrunch is designed to accommodate the needs for companies with large, complex portfolios, while still being a cost-effective solution for companies with as few as 1–5 leases.