Not One and Done: Lease Accounting After Transition
Course Description
Join FinQuery as we review the policies, processes, and internal controls for organizations to consider incorporating for lease accounting post-transition to ASC 842.
Throughout the presentation, we will explore the challenges and benefits of your ongoing lease accounting and how those may impact the business. Best practices for executing common lease transactions, month-end close, and year-end reporting will also be discussed. We will review ongoing lease accounting compliance considerations, including lease accounting training and solution maintenance.
Learning Objectives
- Recognize key opportunities and advantages unique to post-transition lease accounting
- Summarize the processes and controls required to record the impact of various lease changes and transactions appropriately
- Understand the year-end disclosures required under ASC 842 and how to identify issues before your audit
- Establish the actions necessary to maintain the completeness and accuracy of your chosen lease accounting solution
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 April 30, 2026 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 with a medium-to-high volume of leases as well as accounting and consulting professionals who work with those clients.
Advanced Preparation
None
Presenters
Abdi Ali
As a former Grant Thornton audit associate, Abdi assisted in the audits of various publicly traded and privately held clients. He also has notable experience as a general ledger accountant. In Abdi’s current role as a Technical Accounting Manager at FinQuery, he demonstrates the product to prospective clients and serves as a resource to current clients looking for guidance on understanding and implementing the new lease standards.
 |
On-Demand |
Course Information
| COST | FREE |
| CREDITS | 1.00 hours |
| SUBJECT AREA | Accounting |
| EXPIRES | April 30th, 2026 |
| COURSE LEVEL | Basic |
| 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
Not One and Done: Lease Accounting After Transition
- Recognize key opportunities and advantages unique to post-transition lease accounting
- Summarize the processes and controls required to record the impact of various lease changes and transactions appropriately
- Understand the year-end disclosures required under ASC 842 and how to identify issues before your audit
- Establish the actions necessary to maintain the completeness and accuracy of your chosen lease accounting solution
CPE Requirements & Eligibility
- Instant Certificate: Answer the 3 review questions presented throughout the webinar, and score an 80%+ on the final evaluation to download your certificate.
- Flexible Learning: Pause and resume at your convenience.
- Earning Window: Complete your assessment anytime before March 31, 2027 to claim your 1.0 CPE credit.
Register Now
Learning Objectives
Join FinQuery as we review the policies, processes, and internal controls for organizations to consider incorporating for lease accounting post-transition to ASC 842.
Throughout the presentation, we will explore the challenges and benefits of your ongoing lease accounting and how those may impact the business. Best practices for executing common lease transactions, month-end close, and year-end reporting will also be discussed. We will review ongoing lease accounting compliance considerations, including lease accounting training and solution maintenance.
Presenter
As a former Grant Thornton audit associate, Abdi assisted in the audits of various publicly traded and privately held clients. He also has notable experience as a general ledger accountant. In Abdi’s current role as a Technical Accounting Manager at FinQuery, he demonstrates the product to prospective clients and serves as a resource to current clients looking for guidance on understanding and implementing the new lease standards.
Course Details
| Cost | Free |
| Credits | 1.00 hour |
| Subject Area | Accounting |
| Expires | March 31st, 2027 |
| Course Level | Basic |
| Delivery Method | Self Study |
Who Should Attend
Accounting and finance professionals with a medium-to-high volume of leases as well as accounting and consulting professionals who work with those clients.
FAQ
Why can managing ASC 842 day-to-day be more difficult than the initial transition?
Initial transition is a single project, but day-to-day compliance requires managing a continuous cycle of lease changes. Without automated workflows, ongoing events like terminations and asset re-measurements demand relentless manual effort for accounting teams.
When did ASC 842 become effective?
The effective date of ASC 842 for public companies was for reporting periods beginning after December 15, 2018. Following two FASB delays, the standard became effective for private companies and non-profits for periods beginning after December 15, 2021, with most transitioning during the 2022 fiscal year.
Why are internal controls important for lease accounting?
Internal controls ensure accounting teams are kept in the loop when the lease portfolio changes. Without these controls, the risk of data gaps, missed critical dates, and reporting errors rises sharply.
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.