Conquering ASC 842: Streamlining Lease Accounting for a Smooth Audit
Course Description
Join us for a session with one of FinQuery’s lease accounting experts, Jason Parker. Discover the key indicators that your current lease accounting software may be falling short for your organization’s requirements, and gain insights on identifying the appropriate time to switch to a better solution. Dive into the continuing responsibilities related to lease accounting under ASC 842 and explore the essential attributes and capabilities of software to deliver substantial value to your organization, going beyond mere compliance.
Jason will outline the necessary steps for replacing your current lease accounting software and walk you through our specially designed checklist. The presentation will focus on simplifying the transition between lease accounting software providers and offer strategies to streamline the process. Whether you aim to move beyond Excel or adopt a system that enhances internal controls, boosts efficiency, and delivers cost-saving advantages, this webinar is for you.
Learning Objectives
- Discuss the indicators your organization should consider upgrading your existing lease accounting system.
- Determine the key features and functionalities the ideal software should have to meet your organization’s lease accounting requirements.
- Outline the necessary steps for a seamless transition between software platforms and the preparatory tasks to facilitate this change.
On-Demand CPE Credit Eligibility Requirements
- Answer the 3 review questions presented throughout the webinar
- Complete the final assessment with a grade of 80% or higher
- You have 3 attempts to pass the final assessment and until October 2025 to complete it
If you meet all these criteria you will see a green check mark inside the CPE tool icon that indicates your CPE certificate is ready to be downloaded.
Prerequisites
- Basic knowledge of ASC 842
Who Should Attend
Accounting and finance professionals at a private company managing medium-to-high volume of leases with a software solution, as well as accounting and consulting professionals who work with those clients.
Advanced Preparation
None
Presenters
Taylor Guthrie
Taylor Guthrie is an Accounting Manager at FinQuery. Prior to FinQuery, Taylor earned a Bachelor’s degree in accounting from Lynchburg College and then transitioned to a public auditor role at Brown Edwards. As a former audit senior, he assisted in the audits of various entities in various niches. This background includes implementation and maintenance of ASC 842, GASB 87, and GASB 96. Today Taylor helps FinQuery’s customers understand and implement the new lease standards as well as navigate intricacies of the software.
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On-Demand |
Course Information
| COST | FREE |
| CREDITS | 1.00 hour |
| SUBJECT AREA | Accounting |
| EXPIRES | August 8, 2026 |
| COURSE LEVEL | Intermediate |
| DELIVERY METHOD | Self Study |
Register Below
SPONSOR STATEMENT
FinQuery LLC 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@finquery.com.
PROGRAM CANCELLATION POLICY
If a program is cancelled, FinQuery will notify registrants via the email address that they used to register for the program.
On Demand Webinar
Conquering ASC 842: Streamlining Lease Accounting for a Smooth Audit
- Understand auditor expectations and improve internal controls for efficient lease management and compliance.
- Learn to apply assertions, manage risk assessments, and prepare for auditor testing related to lease accounting.
- Learn practical tips and strategies to ensure your lease accounting is audit-ready and compliant.
- Properly prepare lease liability calculations, footnote disclosures, and maturity schedules.
- Recognize and utilize the benefits of lease accounting software to streamline audit preparation and compliance.
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Learning Objectives
Is your company struggling with ASC 842 compliance? Are you dreading the next audit after a painful experience with lease accounting? Join us for an insightful webinar focusing on how to streamline your lease processes and prepare for a successful audit.
We’ll use a real-world example of ACME Company, who faced significant audit challenges with ASC 842, to illustrate common pitfalls and effective solutions. Learn how to anticipate auditor expectations, strengthen internal controls, and leverage technology to simplify lease management. We’ll cover key areas like assertion assessment, risk management, testing procedures, and disclosure requirements, providing actionable strategies to ensure a smoother, more efficient audit process. Discover how to transform your lease accounting from a source of stress to a pillar of financial accuracy.
Presenter
Taylor Guthrie is an Accounting Manager at FinQuery. Prior to FinQuery, Taylor earned a Bachelor’s degree in accounting from Lynchburg College and then transitioned to a public auditor role at Brown Edwards. As a former audit senior, he assisted in the audits of various entities in various niches. This background includes implementation and maintenance of ASC 842, GASB 87, and GASB 96. Today Taylor helps FinQuery’s customers understand and implement the new lease standards as well as navigate intricacies of the software.
Course Details
| Cost | Free |
| Credits | 1.00 hour |
| Subject Area | Accounting |
| Expires | August 8, 2026 |
| Course Level | Basic |
| Delivery Method | Self Study |
| Prerequisites | Basic knowledge of ASC 842 |
Who Should Attend
Accounting and finance professionals and consultants who are involved in managing audits under ASC 842 for their organizations or those of their clients.
Disclaimer
Sponsor Statement
FinQuery LLC 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@finquery.com.
Program Cancellation Policy
If a program is cancelled, FinQuery will notify registrants via the email address that they used to register for the program.