ASC 842: Time’s Almost Up to Become Compliant with the Lease Accounting Standard
June 2, 2022
Is your organization running out of time to become compliant with the ASC 842 pronouncement? If yes, the good news is you are not alone. While the consequences of not being fully compliant at the end of your fiscal year can be quite significant, there is still time to meet the requirements and put in place a program to ensure ongoing compliance.
Learning Outcomes:
- Understanding the potential impacts to the balance sheet and gearing up for the lease accounting standard issued by the Financial Accounting Standards Board (FASB)
- Implementing the lease accounting standard for private entities
- Applying the new lease accounting standard
- Identifying embedded leases for private entities
- Lessons learned from public company implementations
Speakers
- Alex Wiley, CPA, Senior Manager, Risk & Accounting Advisory Services
- Chase Wright, Partner, Risk & Accounting Advisory Services
- Wesley Williams, Accounting Manager at LeaseQuery
CPE Accreditation
Delivery Method | Group Internet Based
Recommended CPE credit | Up to 1 CPE, pending approval
Recommended Field(s) of Study | Accounting
CPE Capability | Technical Expertise/Problem Solving
Prerequisites | None
Program Level | Basic
Advanced Preparation | None
Cherry Bekaert Continuing Professional Education: Statement of Admin Policies
This event is complimentary. Due to this program being offered free of charge, there will be no refunds.
CPE for Virtual Events
- Please join sessions on time, or 5 minutes early if possible. Joining a session late may cause you to lose the ability to obtain CPE based on the following NASBA regulations:
- There will be 4 polling questions per hour of each session.
- In order to receive CPE credit for virtual events, you must attend at a minimum, 50 minutes of every hour and respond to at least 3 of the 4 polling questions per hour.
- Polling questions will not be announced in advance.
- If you view the conference in a group setting, you will still need to log into CPE sessions through your laptop to track your attendance and respond to polling questions.
- We cannot guarantee polling questions will appear on your mobile device and recommend that you use your laptop for your webinar session. We will not be able to award you CPE credit if you do no answer the required number of polling questions and/or are not in session for the required length of time. This includes issues due to mobile technological difficulties or any other difficulty that is unique to your webinar connection.
- Please be sure that you join the session for which you registered using the link that was provided to you. We will not be able to award you CPE if you join a session using a link that was provided to someone else.
- You will receive one certificate for each course you attend/pass.
For questions regarding registration or event cancellation, please contact Maddie Robbins. For all other questions regarding CPE policies, please contact Cherry Bekaert at cbhlearning@cbh.com.
Cherry Bekaert 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. | www.learningmarket.org