Thank you for registering for LeaseQuery’s
2021 FASB Innovation Summit!
Please see below for a quick overview of the agenda and each breakout session.
Add the event date and times to your calendar to make sure you don’t miss out on a session.
June 15, 2021 1:00 – 4:30 pm ET
For any questions surrounding the event, please feel free to email us at partners@leasequery.com.
Agenda
Session 1 - Roundtable Discussion: Lease Accounting Transition Advice from the Experts
George Azih, CEO and Founder, LeaseQuery
Mike Cheng, Partner, Frazier & Deeter
Emily Fish, Product Accounting Specialist, LeaseQuery
Gail Gray, CPA, Partner, LSL CPAs
Mike Mangold, Partner, LSL CPAs
Sarah O’Sullivan, CPA, Director of Product, LeaseQuery
Join a panel of experts from various accounting roles as they discuss their successful ASC 842 transition experiences. Panelists will share tips on what helped ease their implementation process and discuss how to leverage technology to automate and overcome the complexities of sustaining compliance.
Objectives
- Gain insight into the lease accounting transition process from accounting experts who have implemented
- Identify what functionalities are needed for ongoing compliance
- Recognize solutions that support internal controls, improve lease management, and promote efficiencies within the organization
Program level: Basic
Prerequisites: None
Advance preparation: None
Delivery method: Group Internet Based
Recommended CPE credit: 1 hour
Field of study: Accounting
Session 2 - An In-depth Look at the Implementation Process for ASC 842
2:10 - 3:00 PM ET
Bob Malinowski, Senior Director, Technical Accounting Consulting, RSM
Troy Sheehan, Manager, Technology Consulting, RSM
The mandatory compliance deadline for private companies implementing ASC 842 is rapidly approaching, and it’s important to properly prepare in order to have an efficient transition. During this session, experts from RSM will provide detailed information for determining what is the best path to compliance for your organization. The presenters will discuss the lease abstraction process, the data validation process, and more as they review different factors organizations need to consider when implementing. Finally, they will present detailed insights into what post-implementation could look like for your organization.
Objectives
- Explore ways to determine the right path to compliance for your organization
- Recognize how to identify material long-term leases, including potential embedded leases
- Understand the lease abstraction process, the data validation process, and ongoing considerations for which to plan
Program level: Basic
Prerequisites: None
Advance preparation: None
Delivery method: Group Internet Based
Recommended CPE credit: 1 hour
Field of study: Accounting
Session 3 - How to Identify Accounting Fraud
3:10 - 4:00 PM ET
Ellen Class, Sr. Director, Finance Transformation, RGP
During this session, the presenter will dive into the foundations of accounting fraud with an introduction to the Fraud Triangle and The Sarbanes-Oxley Act of 2002, and its emphasis on Internal Controls. They will explore various types of accounting fraud, including financial statement fraud, misappropriation of assets, management override and potential fraud associated with the current Covid-19 crises. Attendees will also develop an improved understanding of the opportunities for fraud within their organization and how to better detect different types of accounting fraud.
Objectives
- Explore various types of accounting fraud
- Identify how to identify and combat the different types of accounting fraud
- Gain an understanding of the foundation of accounting fraud
Program level: Basic
Prerequisites: None
Advance preparation: None
Delivery method: Group Internet Based
Recommended CPE credit: 1 hour
Field of study: Accounting
Session 4 - Lease Accounting Experts Q&A: Your Lease Accounting Questions Answered
4:00 - 4:30 PM ET
Emily Fish, Product Accounting Specialist, LeaseQuery
Bob Malinowski, Senior Director, Technical Accounting Consulting, RSM
Jason Parker, CPA, Accounting Solutions Manager, LeaseQuery
Timothy Tickle, Vice President, Finance Transformation, RGP
Join our speakers as we conclude the 2021 FASB Summit with a personalized Q&A session with accounting experts. Questions submitted during registration and directly from the audience during the event will be discussed in order to provide more insights into common ASC 842 transition challenges and how to facilitate implementation at your organization.
Objectives
- Learn tips to assist your organization with the implementation process
- Hear frequently asked questions from other private companies who are implementing the new lease accounting standard
- Identify best practices for your organization to successfully implement the new lease accounting standard
Program level: Basic
Prerequisites: None
Advance preparation: None
Delivery method: Group Internet Based
Recommended CPE credit: 0.5 hour
Field of study: Accounting
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: A 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.