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Transitioning to ASC 842: What You Need to Know Now

TRANSITIONING TO ASC 842: WHAT YOU NEED TO KNOW NOW

Cost Free
Presentation Length 1.0 hour

Recorded DateMarch 12, 2020
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAccounting
Course LevelBasic
Course Description

Many public companies were caught off guard by the intensity of their transition to the new lease standard. What can private companies learn from their experience? LeaseQuery’s lease accounting experts will present an overview of the new concepts you need to know, the policies you need to consider, and the pitfalls to watch out for. For example, identifying embedded leases has proven to be a sour point for most companies. Additionally, the LeaseQuery team will address the new concept of control and walk through other important definitions that appear simple, but can actually cause significant issues if misinterpreted.

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Abdi Ali

FinQuery
Technical Accounting Consultant
[email protected]
(800) 880-7270

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Abdi Ali is an Accounting Manager at FinQuery. A former Grant Thornton audit associate, Abdi helps FinQuery’s customers understand and implement the new lease standards. While at Grant Thornton, he assisted in the audits of various publicly traded and privately held clients. He also has experience as a general ledger accountant. Prior to FinQuery, Abdi earned a Bachelor’s degree in Accounting followed by a Master’s degree in Professional Accountancy from Georgia State University’s Robinson College of Business.

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David Buchanan, CPA

FinQuery
Technical Accounting Manager
[email protected]
(800) 880-7270

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David Buchanan is a CPA and Technical Accounting Manager at LeaseQuery. Prior to joining LeaseQuery, David worked in the audit practice at Ernst & Young across several industries including insurance, healthcare, biomedical, and manufacturing. David received his Bachelor's degree in Accounting from California State University Northridge and Master's degree in Accounting with an emphasis in Information Systems from the University of Tennessee.  

About Our Presenter

Finquerylogo
FinQuery, formerly LeaseQuery, empowers 36,000+ professionals to optimize decisions in their top spending areas—leases, software subscriptions, and financial contracts—setting them apart in the market. Their award-winning AI-driven software minimizes risk, boosts efficiency, and cuts costs. Explore FinQuery’s Platform for contract and spend intelligence, including solutions for contract management, specialized accounting ensuring compliance with ASC 842, IFRS 16, GASB 87 and GASB 96, and software management.