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.
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Self Study
LeaseCrunch: About the New Lease Standard This course will cover the ASC 840 to ASC 842 Differences, Similarities, and Timeline. We'll also cover surprises with the New Lease Standard including embedded leases, Real Estate Leases and Related parties. We'll provide a summary of practical expedients, as well. Once you've completed this course, you'll know what common mistakes to avoid when implementing ASC 842 and tips to simplify the process of implementation.
LeaseCrunch: Critical Decisions 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: Business Impacts of 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 non-public organizations. This course will cover the business impacts of the new lease standard. There is an estimated $3 trillion added to the public company balance sheet due to operating leases. We’ll talk about that and more related to loan covenants, materiality, implementation and maintenance of the standard. We’ll also discuss what’s not affected by ASC 842 including equity, income statement and leasehold improvements. Once you have completed this course, you’ll understand the business impacts and what is not affected by the standard (hint: Equity!).
LeaseCrunch: Getting Started with Lease Accounting (ASC 842) 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 non-public organizations. This course will cover everything you need to know to get started with implementation including what to do 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: Lease Accounting Software Rollout Tips 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 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.
LeaseCrunch: ASC 842 Overview and Lease Examples The new lease standard requires more from lessees. Now is the time to start learning about and getting ready to implement ASC 842. In this course, we’ll cover some of the key terms for ASC 842, how to calculate the ROU asset and more. Knowing that the lease standard goes into effect in late 2021, we’ll talk about what it will take to gather your lease portfolio, get started analyzing those leases and review contracts for embedded leases. We’ve put together a list of real world examples and we’ll talk about how to calculate the lease liability, ROU asset and discuss practical expedients.
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.
