Dot the i’s and cross the t’s—a deeper look into ASC 842 adoption (authored by RSM US LLP)

Aug 24, 2021

LIVE WEBCAST  | 

Authored by RSM US LLP

Your company is implementing the new ASC 842 lease accounting standard and you want to ensure success. RSM is pleased to provide our insights into how to plan for a successful adoption. In this webcast, we will focus on the high-risk areas and answer some of your last-minute questions regarding initial adoption as well as planning for ongoing accounting. This session is not a high-level overview; instead, we’ll quickly dive into many real-world implementation questions that we’re seeing middle market companies have as they adopt the new standard.

Many have asked what “correct” looks like for 842 adoption. Let us help you demystify some of this as well as focus on some high-risk areas such as:

  • Completeness of the lease portfolio
  • Abstraction
  • Documentation of the implementation including key decision and judgments

Following this session, you’ll walk away with a more detailed understanding of what it takes to adopt the ASC 842 lease accounting standard.

We’ll be sure to save at least 15 minutes of this session for Q&A. We’ll also have RSM professionals moderating the Q&A to answer your questions live. Please bring your questions!

Our presenters

Kristin McLaughlin
Partner

 

Kirk Rogers
Partner


Learning objectives
After attending this presentation, participants will be able to:

  • Describe their plan for ASC 842 adoption
  • Detail some of the high-risk areas of implementation
  • Explain how to assure a complete lease portfolio

CPE credit available
RSM US LLP is pleased to offer 1.0 CPE credits for attending each webcast. To qualify, you must log in to the webcast and provide your first name, last name and email address. You must remain logged in for a minimum of 50 minutes and answer 75 percent of the polling questions to receive credit. Group CPE is not available. For more information regarding administrative policies, such as refunds, cancellations and complaints, please contact us.

RSM US LLP 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 the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Advance preparation: None | Program level: Basic | Prerequisites: None | Delivery method: Group internet-based

Field of study: Accounting | CPE: 1.0 credits per webcast

Questions or Want to Talk?

Call us directly at 972.221.2500 (Flower Mound) or 940.591.9300 (Denton),
or complete the form below and we’ll contact you to discuss your specific situation.


This article was written by RSM US LLP and originally appeared on 2021-09-28.
2021 RSM US LLP. All rights reserved.
https://rsmus.com/events/dot-the-is-and-cross-the-ts-a-deeper-look-into-asc-842-adoption.html

RSM US Alliance provides its members with access to resources of RSM US LLP. RSM US Alliance member firms are separate and independent businesses and legal entities that are responsible for their own acts and omissions, and each are separate and independent from RSM US LLP. RSM US LLP is the U.S. member firm of RSM International, a global network of independent audit, tax, and consulting firms. Members of RSM US Alliance have access to RSM International resources through RSM US LLP but are not member firms of RSM International. Visit rsmus.com/aboutus for more information regarding RSM US LLP and RSM International. The RSM(tm) brandmark is used under license by RSM US LLP. RSM US Alliance products and services are proprietary to RSM US LLP.

 

RSM

KHA Accountants, PLLC is a proud member of RSM US Alliance, a premier affiliation of independent accounting and consulting firms in the United States. RSM US Alliance provides our firm with access to resources of RSM US LLP, the leading provider of audit, tax and consulting services focused on the middle market. RSM US LLP is a licensed CPA firm and the U.S. member of RSM International, a global network of independent audit, tax and consulting firms with more than 43,000 people in over 120 countries.

Our membership in RSM US Alliance has elevated our capabilities in the marketplace, helping to differentiate our firm from the competition while allowing us to maintain our independence and entrepreneurial culture. We have access to a valuable peer network of like-sized firms as well as a broad range of tools, expertise, and technical resources.

For more information on how KHA Accountants can assist you, please call 972.221.2500.

Guidance for Claiming Employee Retention Credit in 2021

The IRS has issued guidance for employers claiming the employee retention credit enacted by the American Rescue Plan Act of 2021 (ARP), which provides a credit for wages paid after June 30, 2021, and before January 1, 2022. The guidance amplifies previous notices...

Part 18: Departmental KPIs – CJ

By: Christi Johnson, Strategic Management Consulting Services The following is part 18 of a multi-part series on The KHA Way, KHA Management Consulting’s Integrated Service Offering. This blog series includes the benefits of using KHA Management Consulting Services...