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How to Write a Policy Memo for Your ASC 842 Transition

March 28 @ 1:00 pm - 2:00 pm EDT

Cherry Bekaert

Participants of the free live webinar will be eligible for 1 CPE credit.


Join Us for How To Write a Policy Memo for Your ASC 842 Transition

Cherry Bekaert and LeaseQuery: How to Write a Policy Memo for Your ASC 842 Transition Webinar

Date: Tuesday, March 28, 2023 at 1:00 – 2:00 PM EST

Join Cherry Bekaert and LeaseQuery as they review the policies and procedures organizations should consider prior to and during the adoption of the new lease accounting standard, ASC 842. Our presenter will also discuss the importance of providing your auditors with clear documentation of your transition to ASC 842 and what information may be included.

We will then explore the procedures and policies to discuss prior to adoption, such as the available transition methods and practical expedients to utilize. Other considerations are the policies with impacts to your lease portfolio. Lastly, we will cover specific financial statement risks arising from lease accounting and what steps may be taken to reduce these potential errors or misstatements.

Learning Objectives

  • Explain the importance of providing a memo to your auditors documenting the policies and procedures applied prior to and during the transition to ASC 842
  • Describe the various transition methods and practical expedients available for your ASC 842 implementation
  • Explore the policies to examine during adoption and their potential impact to your lease portfolio
  • Understand the financial statement risks associated with lease accounting and the procedures to apply to mitigate those risks

CPE Accreditation

Certification | LeaseQuery
CPE Category | Accounting
Prerequisites | Understanding of lease accounting and the audit process
Hours of CPE | 1
Program Level | Basic
Advanced Preparation | None


Rachel Reed | Accounting Manager, LeaseQuery
David Johnson | Senior Manager, Cherry Bekaert

Sponsor Statement

LeaseQuery 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@leasequery.com.

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