Lease Abstraction: Applying Lease Payment Information to the Lease Liability Calculation
Course Description
When compiling your lease inventory, it’s important to break the project up into small steps in order to make the process easier and more manageable. Over the last couple of 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 walk through how to extract payment information from your lease documents to accurately calculate your initial lease liability. During this presentation, we will:
- Differentiate between lease, non-lease, and non-components
- Discuss 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:
Learning Objectives
- Explain the attributes of lease, non-lease, and non-components and give examples of each
- Define the various types of payments present in a lease agreement and list which are included in the initial lease liability calculation
- Understand how to calculate the lease liability
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
Wesley Williams
wesley.williams@leasequery.com
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.
Samantha Hart
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.
 |
Date & TimeMay 24, 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.