LEASE Summit

(Lease Essentials: Advice Shared by the Experts)

 

September 23, 2021
1 PM ET – 4:30 PM ET
Virtual CPE Event: 3.5 credit hours

Overview

Join us for a free virtual CPE event focused on helping private companies and government organizations successfully transition to the new lease accounting standards, ASC 842 and GASB 87. Attendees will hear from a variety of industry experts as they share common lease accounting transition challenges relevant to your organization and outline ten steps you can take to ease the adoption process.

The summit will conclude with a session on the importance of integrating with your current financial tech stack, how your company can maximize the investment in your ERP system, and how these solutions, programs, and applications can help with lease accounting management.

Key Takeaways

Gain insight into the lease accounting transition process from experts across a variety of accounting functions

Identify the steps essential for transitioning to the new lease accounting standards and potential resources to help simplify the process

Recognize the importance of maximizing or integrating with your current systems to effectively manage your leases


Agenda

Session 1 - Ask the Lease Accounting Expert Roundtable

1:00 - 2:00 PM ET

Cheryl Levesque, CPA, CIA, CISA, PMP, FLMI, Advisory Partner, DHG
Claire Esten, Partner, Not-for-Profit & Higher Education Practices, New England Leader, Grant Thornton
Emily Fish, Product Accounting Manager, LeaseQuery
George Azih, CEO and Founder, LeaseQuery
Mike Cheng, Partner, Frazier & Deeter
Stephanie Parker, Senior Financial Analyst, Middleby Corporation

Join a panel of experts from various accounting roles as they discuss their personal transition experiences to the new lease accounting standards. Panelists will provide insight into the various stages of the implementation process and share tips on what helped ease their experience. Throughout this session, our panelists will also cover questions submitted by the audience during registration on topics related to transition challenges and how to facilitate compliance.

Be sure to add your question when you register to be answered during the session.

Objectives 

  1. Gain insight into the lease accounting transition process from accounting experts
  2. Review what other organizations are searching for in their implementation process
  3. Identify best practices for a successful implementation and the functionalities needed for ongoing compliance

Program level: Intermediate
Prerequisites: Basic understanding of lease accounting
Advance preparation: None
Delivery method: Group Internet Based
Recommended CPE credit: 1 hour
Field of study: Accounting

Session 2 - Lease Accounting Transition Workshop: Steps to Prepare for the Approaching Compliance Deadline

2:10 - 3:30 PM ET

Amanda Payne, Technical Accounting Manager, LeaseQuery
Kiley Arnold, CPA Accounting Product Marketing Manager, LeaseQuery

Whether you have just a few or several hundred leases, transitioning to the new lease accounting standards may take longer than you think. After the compliance deadline for public companies, a survey was conducted and 67% of public entities found their transition to be more difficult than they anticipated. Are you prepared to meet your organization’s compliance deadline? 

Join our interactive CPE workshop, where our in-house accountants will walk you through the ten essential steps for a successful transition to the new lease accounting standards. Our speakers will also highlight helpful resources such as LeaseQuery’s embedded lease test, present value calculator, and more to ensure your transition goes smoothly from start to finish.

Make sure you download our checklist prior to the workshop so you can follow along and interact with our experts live.

Learning Objectives

  • List the steps necessary to successfully transition from current lease accounting to the new standards
  • Master specific calculations you can complete to help ensure your lease portfolio is complete
  • Explore the various functionalities available in lease accounting solutions and begin determining which are necessary for your organization
  • Recognize potential resources available to help simplify the transition process and maintain compliance post-transition

Program level: Intermediate
Prerequisites: Basic understanding of lease accounting
Advance preparation: None
Delivery method: Group Internet Based
Recommended CPE credit: 1.5 hours
Field of study: Accounting

Session 3 - Integrations for the Win: From Digital Transformation to Successful Lease Accounting Transition

3:40 - 4:30 PM ET

David Blackistone, Director, RSM
Mike Regan, CPA, Sage Intacct Consultant, RSM

During this presentation, integration experts from RSM will discuss the benefits and importance of integrating new applications to your existing systems to maximize the investment in your ERP. They will walk through what it takes to manage an integration and the steps a company can take now for a smooth transition to the new lease accounting standards. Finally, the presenters will review how an integrated lease accounting solution can simplify the accounting and processing of leases for the whole company. The presentation will end with a demonstration of technology that can be integrated to assist with the management of your leases.

Learning Objectives 

  • Identify the importance of the digital transformation to the accounting profession and ways to get the most out of your ERP
  • Review the steps a company can take now to ensure a smooth transition to the new lease accounting standards
  • Explore how lease accounting responsibilities post-integration can be mitigated

Program level: Intermediate
Prerequisites: Basic understanding of lease accounting
Advance preparation: None
Delivery method: Group Internet Based
Recommended CPE credit: 1 hour
Field of study: Accounting

Presenters

George Azih

CEO and Founder
LeaseQuery

 

Jason Parker, CPA

Accounting Solutions Manager
LeaseQuery

 

Emily Fish

Product Accounting Manager
LeaseQuery

Rachel Hershberger

Product Senior Manager
LeaseQuery

 

Mike Cheng

Partner
Frazier & Deeter

 

Mike Regan, CPA

Sage Intacct Consultant
RSM

 

David Blackistone

Director
RSM

 

Stephanie Parker

Senior Financial Analyst
Middleby Corporation

Cheryl Levesque, CPA

CIA, CISA, PMP, FLMI
Advisory Partner
DHG

Amanda Payne

Technical Accounting Manager
LeaseQuery

Kiley Arnold, CPA

Accounting Product Marketing Manager
LeaseQuery

Claire Esten

Partner, Not-for-Profit & Higher Education Practices, New England Leader, Grant Thornton

CPE Details

Who Should Attend

Accounting and finance professionals whose companies manage a medium-to-high volume of leases will benefit most from this event, along with CPAs who serve clients with a similar volume of leases.

Additional information to include:

Program level: Intermediate
Prerequisites: Basic understanding of lease accounting
Advance preparation: None
Delivery method: Online
Recommended CPE credit: 3.5 hours
Field of study: Accounting

SPONSOR STATEMENT

LeaseQuery is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBAregistry.org.

For more information regarding administrative policies such as complaints, please contact CPEinfo@leasequery.com.

PROGRAM CANCELLATION POLICY

If a program is cancelled, LeaseQuery will notify registrants via the email address that they used to register for the program.