Lease Abstraction: How To Find Key Dates and Determine Your Lease Term

Course Description

While compiling a lease inventory is one of the most time consuming parts of the transition, experience has shown that breaking the task into smaller steps makes the process more manageable. In our recent webinar, How to Assemble Your Lease Portfolio, we took a look at the first steps for building your lease inventory including:

  • Who to involve
  • The importance of materiality
  • Determining which leases are in scope

Join LeaseQuery for part 2 of this webinar series as we walk through the next stages for assembling your lease portfolio. During this presentation, we will:

  • Discuss key dates present in a lease agreement and how those dates impact the accounting for your lease
  • Define the components of a lease term and when they are included with specific emphasis on the accounting terminology “reasonably certain”
  • Explore the concept of short-term vs. long-term leases introduced in the first part of the series and continue with some additional considerations.
  • Learning Objectives

    • Define the key dates provided in a lease agreement
    • Identify the components of the lease term and how to determine if they are included in the total lease term
    • Understand the accounting treatment for the lease term and changes to the lease term


    • 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



    Rachel Reed

    Wesley Williams

    Accounting Manager at LeaseQuery

    Wesley Williams is an Accounting Manager at LeaseQuery. Wesley has external audit experience working for KPMG in their audit practice, where he served clients across many different industries both public and private.

    CPE Webinar

    Date & Time

    Apr 28, 2022 – 1:00 PM ET

    Course Information

    CREDITS 1.00 hours
    SUBJECT AREA Accounting
    DELIVERY METHOD Group Internet Based

    Register for this webinar below.


    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:

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