ASC 842, Leases: Implementation Issues and Lessons Learned
Online
2.00 Credits
Member Price $89.00
Non-Member Price $124.00
Overview
Recall lessons learned and practical implementation challenges and complexities with the FASB’s Accounting Standard Update for Leases (ASC Topic 842). Identify key differences between ASC Topic 842 and ASC Topic 840, Practical Expedients, remeasurement-triggering events. Session will go beyond the basics and will apply to specific examples. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Objectives
After attending this presentation you will be able to...
- Identify the complexities of the new FASB lease standard and its implementation challenges.
Highlights
The major topics that will be covered in this class include:
- FASB's Accounting Standard Update for Leases (ASC Topic 842)
- Key differences between ASC Topic 842 and ASC Topic 840
- Implementation options, entries, practical expedients, and remeasurement-triggering events
- FASB ASU 2023 - 01 - Leases (Topic 842): Common Control Arrangements
Designed For
Accountants in business and in public accounting.
Prerequisites
None
Preparation
None
Notice
You will receive an email from CPA Crossings via Webex with instructions to access the webinar.
Leader(s):
Leader Bios
Allison Henry, VP-Professional & Technical Standards, Pennsylvania Institute of CPAs
Allison, who has been with the Pennsylvania Institute of Certified Public Accountants (PICPA) since 2003, works to elevate CPA practice quality through advocacy, outreach, and education. She currently administers PICPA’s Joint Ethics Enforcement Program with the American Institute of Certified Public Accountants (AICPA), oversees the administration of the AICPA’s Peer Review Program for Delaware, New York, Pennsylvania, and U.S. Virgin Island firms, monitors emerging global trends in the accounting profession, and serves as the PICPA technical liaison for several statewide committees and working groups that reach out to regulatory agencies in Pennsylvania on behalf of the profession. She frequently shares her expertise by speaking at PICPA events, hosting webinars on key topics, teaching ethics training, writing for the CPA Now blog, writing articles for the Pennsylvania CPA Journal, and fielding technical inquiries.
Before joining the PICPA, Allison spent several years as a senior manager with a regional accounting firm and nine years at Deloitte & Touche LLP, where she worked in the assurance and advisory services group. Allison’s diverse client service experience has included many not-for-profit, health care, and world relief organizations, as well as small and large manufacturing, distribution, and service-oriented entities. She has also served as the designated employee benefits specialist.
Allison is a graduate of Washington University in St. Louis, Mo., and holds an accounting equivalency from the University of Arkansas in Little Rock. She spent four years in internal accounting positions, including the Department of Defense, while her husband served on active duty with the U.S. Army.
Allison recently obtained AICPA’s Blockchain Fundamentals for Accounting and Finance Professionals Certificate.
Allison is a member of the PICPA and AICPA. She volunteers for various local ministries and is a member of River of Live Church. She is a native of St. Louis, Mo. and is an avid runner.
Non-Member Price $124.00
Member Price $89.00