Home / Events / Meet the Implementation Deadline for the New Lease Accounting Standard

1.0 CPE credit is available for this webinar.

After a delay due to the pandemic, the effective date for private and not-for-profit entities to comply with ASU 2016-02 (Topic 842) was January 1, 2022. Have you complied with the new standard? Are you ready? For many private companies and nonprofits, the answer is “no”. While you are not alone, the time is now to understand the implications of the new lease accounting standard and begin implementation immediately.

Join GRF’s audit and assurance experts as they take a deep dive into the ASC 842, providing attendees with practical steps as they prepare for implementation. They will discuss how to reduce your organization’s risk with a solid compliance strategy that addresses key areas such as technical accounting design, analysis of your current lease portfolio, policy and procedures development, and financial reporting. Participants will benefit from best practices and lessons learned.

This session will conclude with a brief demonstration by Casey Stewart, CPA, Manager at Netgain Solutions. Netlease, an ERP-agnostic power tool used by accountants to manage leases in-house with easy modifications, provides a valuable tool to help with implementing the new ASU.

Learning objectives:

• Understanding the scope and purpose of Topic 842
• Different paths to compliance and lessons learned
• Practical steps for ASU implementation within your organization
• Tips for data management and technology solutions

Additional Program Details

• Learning Objective: To provide attendees with a better understanding of Topic 842.
• Instructional Delivery Methods: Group Internet-based
• Recommended CPE: 1.0 CPE
• Recommended Fields of Study: Specialized Knowledge
• Prerequisites: None Required
• Advance Preparation: None
• Program Level: Basic
• Course Registration Requirements: None
• Refund Policy: No fee is required to participate in this session.
• Cancellation Policy: In the event that the presentation is cancelled or rescheduled, participants will be contacted immediately with details.
• Complaint Resolution Policy: GRF CPAs & Advisors is committed to our participants’ 100% satisfaction and will make every reasonable effort to resolve complaints as quickly as possible. Please contact kdavis@grfcpa.com with any concerns

GRF CPAs & Advisors is a CAE Approved Provider. This program meets the requirements for fulfilling the professional development requirements to earn or maintain the Certified Association Executive credential and may be applied for 1 (one) credit toward your CAE application or renewal professional development requirements. Every program that we offer which qualifies for CAE credit will clearly identify the number of CAE credits granted for full participation, and we will maintain records of your participation in accord with CAE policies. For more information about the CAE credential or Approved Provider program, please visit www.asaecenter.org/cae.