LeaseQuery, a provider of software built to simplify the complexities of accounting, announced two new installments of its LEASE (Lease Essentials: Advice Shared by the Experts) Summit, the FASB Series and GASB Series. During these virtual events, attendees will learn the best practices for transitioning to ASC 842 and GASB 87, as well as how to prepare for post-transition audits.

The FASB Series

The FASB Series is on Dec. 16, 2021, from 12:30 p.m. – 3:30 p.m. ET. Speakers include experts from LeaseQuery, RGP, DHG and Baker Tilly, as well as LeaseQuery customer Middleby Corporation. Each segment on the agenda will highlight the changes to lease accounting as a result of the transition from ASC 840 to ASC 842 and how these changes will impact private companies. All attendees can earn up to three hours of CPE credit.

The FASB Series will feature these insightful sessions:

• Ask the Accounting Professional: [PANEL] Bryan Sinclair, VP, Technical Accounting Leader, RGP; Cheryl Levesque, Partner, CFO & Business Advisory, DHG; Emily Fish, Product Accounting Manager, LeaseQuery; George Azih, CEO and Founder, LeaseQuery; Paul Dunn, CPA, Partner, Consulting Services, Baker Tilly; Stephanie Parker, Senior Financial Analyst, Middleby Corporation, will discuss a year-end review of the new lease accounting standard, ASC 842, and provide their best tips from their transition experience.
• ASC 842: A Detailed Transition Example: Rachel Reed, Accounting Manager, LeaseQuery, will walk attendees through a detailed transition example and present an overview of ASC 842 concepts.
•  Preparing for Your Next Audit: Detailed Examples and More: Tom Brunton, CPA, Managing Director, Armanino, will explore how private companies can prepare for their first audit after adopting ASC 842 and share examples of complex lease scenarios to provide guidance.

The GASB Series

The GASB Series will be held on Jan. 13, 2022, from 1:00 p.m. – 4:00 p.m. ET. Speakers include accounting experts from LeaseQuery, Baker Tilly, RGP and Grant Thornton, as well as LeaseQuery customer Suwanee School District. Each session will explore the concepts presented in GASB 87 and how government entities are impacted by the new standard’s rules. All attendees can earn up to three hours of CPE credit.

The GASB series will feature these noteworthy sessions:

• Ask the Accounting Expert: [PANEL] Emily Fish, Product Accounting Manager, LeaseQuery; George Azih, CEO and Founder, LeaseQuery; Sarah Slaughter, CPA, Senior Manager, Baker Tilly; Timothy Tickle, VP, Finance Transformation, RGP; Vickie Depratter, CFO, Suwannee County School District, will take part in a panel discussion to discuss the impact of GASB 87 on government agencies and answer audience questions.
• GASB 87: A Detailed Transition Example: Rachel Reed, Accounting Manager, LeaseQuery, will explore the lease accounting changes created by GASB 87 in detail, including a demonstration of applying GASB 87 concepts to real-life contract components.
•  Steps to Prepare for Your Year-End Audit: Claire Esten, CPA, Partner, Grant Thornton; Lisa Harris, Financial Management - Manager, Grant Thornton; Marla Hummel, CPA, Partner, Grant Thornton, will present how to successfully prepare for your first audit after transitioning to GASB 87, including tips for avoiding common audit missteps during the transition.

Because there is no further delay of the effective dates, these two LEASE Summits are a great resource to help attendees prepare for implementation. They will provide key insights into both ASC 842 and GASB 87 as attendees continue forward on their compliance journey. Accounting professionals who attend will leave both events with a significant increase in confidence as they prepare for their first audit post-transition and a more comprehensive understanding of the impact of both standards. For additional information and summit registration.