Webinar length: 60 min.

The new lease accounting standard, ASC 842, is now effective for fiscal years beginning after December 15, 2021. Have you started implementing ASC 842, or do you need a refresher on what is required to be compliant by the end of the fiscal year 2022? ASC 842 will affect every company holding leases as it accounts for a company’s lease obligations on the balance sheet as a right-of-use asset and a lease liability. ASC 842 is a complex and tedious new standard so having a knowledgeable partner to assist with implementation is important as you develop new financial reporting processes and internal controls.

Listen to our Assurance & Business Advisory Director Dustin Minton and Senior Manager Kristin Romaker as they describe the best practices and processes to ensure you have a smooth implementation. Topics to be discussed include, but are not limited to:

  • Lease tracking solution (Excel vs. lease software)
  • Resources needed to implement and maintain
  • Identifying the lease portfolio
  • Evaluating the lease agreements and overall scope
  • Calculating the lease obligations and right of use assets
  • Financial reporting and disclosures
  • Internal control processes going forward

This webinar qualified for 1.0 hour of CPE based on Ohio CPE requirements.
*To be eligible for CPE credit you must have attended the live session of the webinar and have completed and submitted the required documentation. 

        

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Speakers

Dustin Minton
Director, Assurance & Business Advisory Services
Kristin Romaker
Senior Manager, Assurance & Business Advisory Services
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