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Wednesday, September 21, 2022 Live Webcast

Applying Lessons Learned To Assure a Successful ASC 842 Adoption (E2209112)

9:00 AM - 10:40 AM EDT

Registration: 8:30 AM EDT

webcast

Vendor Platform

2.0 CPE Credits in AA

OVERVIEW

With the effective date of ASC 842, Leases, imminent, it’s time to get tactical with your implementation plan. In this webinar, Ane Ohm, the co-founder and CEO of leading lease accounting software provider LeaseCrunch, joins Surgent to discuss lessons learned and best practices from those who have already completed ASC 842 adoption to help assure a successful implementation of this complex accounting standard. Ane will discuss her experiences in assisting companies through the nuances of ASC 842, from navigating its complex guidance on such topics as lease term, lease payments, and discount rates to providing a road map for performing transition accounting. Plus, she’ll demonstrate the value of using lease accounting software to assist in these activities. With time at a premium, this webinar will allow you to focus on the important activities that you should be doing now to complete your ASC 842 implementation.

This course features a live instructor and has been specifically designed for the NJCPA.

DESIGNED FOR

Practicing CPAs and their staffs, both in public accounting and business and industry — controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review.

BENEFITS

  • ASU No. 2016-02, Leases (Topic 842)
  • Implementation challenges in adopting ASC 842
  • Common pitfalls and errors in applying ASC 842
  • Best practices in implementing ASC 842
  • Use of lease accounting software for successful implementation and ongoing accounting

HIGHLIGHTS

  • Identify best practices for successful ASC 842 adoption
  • Recall common challenges when applying ASC 842 guidance
  • Identify tools to assist with successful ASC 842 adoption

COURSE LEVEL

Intermediate

PREREQUISITES

Experience in financial accounting and reporting

ADVANCE PREPARATION

None

INSTRUCTOR

Thomas Newell

Thomas E. Newell, CPA

AICPA/Professional Development Institute

Thomas E. Newell, Jr., CPA Newell and Newell, P.C. / Columbus, Georgia Thomas E. Newell, Jr. (Tom) is a shareholder in the firm of Newell & Newell, P.C., which is located in Columbus, GA. Tom started the firm with his wife, Silvia Newell, CPA in 1986. Prior to that, his public accounting experience included both local firms and international firms. Tom has performed hundreds of peer reviews and has been involved with the peer review program since 1989. Tom served on the Georgia Society (GSCPA) peer review committees from 1989 to 1993. In 1993, he was selected to be one of the technical reviewers for the Georgia Society Peer Review Program and served for nine years. During his time as technical reviewer, Tom worked with the GSCPA to move the peer review committee from in-person to online meetings. Tom has also served several years on the accounting and auditing committee at the Georgia Society. Tom has been a presenter at conferences and CPE courses for over 30 years. He has been a frequent presenter for the Georgia Society of CPAs at the Southeastern Accounting Show, Tax Forum (A&A topics), and the Accounting Institute. Tom is also a discussion leader for various continuing education courses on A&A topics for other state societies. He has made presentations at Fortune 500 companies and several government agencies on accounting and auditing, internal controls, and cybersecurity. As a presenter, Tom has been described as a dynamic speaker who is able to take a boring topic (accounting and auditing) and make it interesting. He was awarded the Surgent Outstanding Discussion Leader Award in 2015, 2016, and 2018, as a result of these skills. Tom was recognized in 2018 by the AICPA as an Outstanding Facilitator for his consistently high evaluations of knowledge and presentation skills. As the world of presentations has been changing, Tom has been a champion of moving to virtual presentations. He was involved in the early years of simulcasting by various state CPA societies, as well as the recording of video and audio self-study courses. Tom is now prepared for the next wave of change toward the totally virtual classroom that simulates a true live classroom experience. Tom graduated cum laude from Georgia Southwestern College in Americus, GA in 1980.

PRICING

$99.00 - Member

$137.00 - Nonmember

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Note: Online pre-registration will close on September 21 at 9:00 AM.

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COURSE DEVELOPER

Surgent