From Spreadsheet Struggles to Software Success

Course Description

During this session, our lease accounting expert, Jaron Moss, briefly reviews the requirements for ongoing lease accounting under ASC 842 and presents the key features and functionalities available in software providing value to your organization beyond compliance.

We will discuss potential concerns to be aware of when using Excel for lease accounting and cover how the right software can support internal controls, improve efficiency, and provide cost-saving benefits to your company. This presentation will also include a comprehensive example of a lease modification within the accounting framework of ASC 842. Finally, Jaron will review how an integrated lease accounting solution can simplify the ongoing accounting and processing of leases for the whole company.

Learning Objectives

• Review the key requirements for lease accounting after the transition to ASC 842
• Summarize the steps, calculations and journal entries required to appropriately record a lease modification
• Identify potential risks when using Excel for your organization’s lease accounting maintenance
• Explore the benefits of a purpose-built lease accounting software and a seamless integration between your chosen lease accounting solution and your ERP

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 May 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

• None

Who Should Attend

Accounting and finance professionals managing a medium-to-high volume of leases and accounting and consulting professionals working with those clients.

Advanced Preparation

None

Presenters