Blytheco & LeaseQuery: Applying the New Lease Guidance: ASC 842
Course Description
Blytheco and LeaseQuery want to make sure you are up to speed with the new lease accounting standards. Join us for a comprehensive example of how to apply the new FASB lease accounting standard, ASC 842. The presentation will review the identification of key dates and contract components necessary to complete the calculations for compliance. Then we will describe the various discount rate options and when each is appropriate to apply. Finally, our presenter will prepare the initial and subsequent journal entries for an operating lease under ASC 842 using the concepts explained in the first part of the presentation.
Learning Objectives
- Identify key lease dates and the lease term
- Recognize the contract components and determine how each component may impact the lease liability calculation
- Describe the various discount rate options and how to determine the appropriate discount rate to apply
- Understand the initial and subsequent journal entries for an operating lease under ASC 842
Prerequisites
- None
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.
Advanced Preparation
None
Presenters
Amanda Payne
Amanda Payne is an Accounting Manager at LeaseQuery. Amanda began her career at 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 presenting to client management and assurance teams in the Americas, India, and Egypt.
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Date & TimeDec 9, 2021 – 1:00 PM ET |
Course Information
| COST | FREE |
| CREDITS | 1.00 hours |
| SUBJECT AREA | Accounting |
| COURSE LEVEL | Basic |
| DELIVERY METHOD | Online |
Register for this webinar below.
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.