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Surgent's Utilizing Technology Solutions to Effectively Implement ASC Topic 842, Leases (UTIL)

 Tue, 10/08/2019 from 1:00 pm to 3:00 pm
20 / 2-61302
Registration Status: CLOSED -- Please contact the VSCPA at [email protected] or (800) 733-8272 for availability.
Member Price
$89.00 Regular Registration
Your Price
$93.00 Regular Registration
Designed For:

Practicing CPAs and their staffs in public accounting and business and industry; controllers; accountants; and other financial accounting personnel involved in financial statement preparation and review


Experience in financial accounting and reporting

The effective date for ASC Topic 842, Leases, is almost here for private companies. As we learned from the public company implementation, adopting the new standard can be a very daunting task. Many entities are contemplating using lease accounting software to aid with their implementation process and well as their Day 2 accounting for leases under Topic 842.In this course, we partner with LeaseCrunch, a leading provider of lease accounting software, to explore the major transition activities required to implement Topic 842, including the valuing of operating lease liabilities and related assets, which were previously off-balance sheet under ASC Topic 840. We will also review the accounting guidance concerning the recording of new leases under Topic 842 and accounting for lease remeasurement events, again using the LeaseCrunch software to demonstrate the value of a technology-based solution.Lastly, Topic 842 introduces new disclosure requirements for operating leases, such as the weighted average term and discount rate used to value the lease. Calculating these amounts can be very challenging for an entity with a large lease portfolio. We will review these new disclosure requirements and demonstrate how LeaseCrunch can significantly ease the calculation of these disclosure amounts.

Delivery Method: Individual webcast
CPE Credit: Accounting
Program Level: Intermediate

This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by Surgent McCoy.

The Virginia Society of CPAs (VSCPA) 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 refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.