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Lease Abstraction: Applying Lease Payment Information to the Lease Liability Calculation

May 24 @ 1:00 pm - 2:00 pm EDT

Free

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

Register

Course Description

When compiling your lease inventory, it’s important to break the project up into small steps in order to make the process easier and more manageable. Over the last couple of months, our accounting experts walked through the first two steps for transitioning to ASC 842.

Join LeaseQuery for part 3 of our lease entry webinar series as we walk through how to extract payment information from your lease documents to accurately calculate your initial lease liability. During this presentation, we will:

  • Differentiate between lease, non-lease, and non-components
  • Discuss the various types of payments that may be present in a lease agreement
  • Identify which payments should be included in the initial lease liability measurement

Miss part 1 and 2? Check them out in the links below:

 

Learning Objectives

  • Explain the attributes of lease, non-lease, and non-components and give examples of each
  • Define the various types of payments present in a lease agreement and list which are included in the initial lease liability calculation
  • Understand how to calculate the lease liability

 

Prerequisites

  • None

 

Who Should Attend

Accounting and finance professionals whose companies manage a medium-to-high volume of leases will benefit most from this event, along with CPAs who serve clients with a similar volume of leases.

 

Advanced Preparation

None

Presenters

Rachel Reed

Wesley Williams

Accounting Manager at LeaseQuery

wesley.williams@leasequery.com

Wesley Williams is an Accounting Manager at LeaseQuery. Wesley has external audit experience working for KPMG in their audit practice, where he served clients across many different industries both public and private.

Samantha Hart

Samantha Hart

Technical Accounting Manager at LeaseQuery

samantha.hart@leasequery.com

Before joining LeaseQuery, Samantha worked as an auditor at a Big Four accounting firm. She uses her auditing experience to research and monitor complex accounting problems in her role as technical accounting manager. She graduated from Florida State University with a Master’s degree in accounting.

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