Applying Lease Payment Information to the Lease Liability Calculation

Course Description

When compiling your lease inventory, break the project up into smaller steps to make the process easier and more manageable. Over the last few months, our accounting experts walked through the first two steps for transitioning to ASC 842.

Join LeaseQuery for part 3 of our lease entry webinar series as we present how to extract payment information from your lease documents to accurately calculate your initial lease liability and ROU asset. During this presentation, we will:

  • Categorize lease, non lease, and non components in a lease agreement
  • Describe the various types of payments that may be present in a lease agreement
  • Identify which payments should be included in the initial lease liability measurement
  • Miss part 1 and 2? Check them out in the links below:

  • How to Assemble Your Lease Portfolio
  • Lease Abstraction: Key Dates and Your Lease Term
  • Learning Objectives

    • Differentiate between lease, non lease, and non components and provide examples of each
    • Characterize the various types of payments present in a lease agreement and determine which are included in the lease liability
    • Calculate the initial lease liability from the payment information in a sample contract

    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

    Samantha Hart

    Samantha Hart

    Technical Accounting Manager at LeaseQuery

    samantha.hart@leasequery.com

    Before joining LeaseQuery, Samantha worked as an auditor at a Big Four accounting firm. She uses her auditing experience to research and monitor complex accounting problems in her role as technical accounting manager. She graduated from Florida State University with a Master’s degree in accounting.

    CPE Webinar

    Date & Time

    Aug 25, 2022 – 1:00 PM ET

    Course Information

    COST FREE
    CREDITS 1.00 hours
    SUBJECT AREA Accounting
    COURSE LEVEL Basic
    DELIVERY METHOD Group Internet Based

    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.