PowerPlan Lease Accounting For Lessees - Open Enrollment

This course is for users expected to work with the Lease Accounting module in PowerPlan, pertaining to ASC 840 / ASC 842 guidance. This course will cover the basics of lease accounting and how the Lease Accounting module streamlines and simplifies lease accounting processes within a centralized lease repository. Day to day and monthly tasks such as lease initiation, lease maintenance, invoice reconciliation, and ASC 842 impact forecasting will be discussed.

Objectives:

At the end of this course, you will be able to:

• Create new and maintain existing leases in the Lease Accounting module
• Evaluate the impacts of and execute the transition to ASC 842 guidance
• Run Reports and Queries
• Execute Month End Close processes
• Explain the Lease Agreement Structure

Intended Audience:

Users who expect to view, enter, maintain, or approve leases in the Lease Accounting module as well as those interested in learning about the impact of ASC 842 guidance.

Additional Information:

Prerequisites: Attending the Fundamentals of PowerPlan Fixed Assets and Projects course is recommended but not required.

Advanced Preparation: None

Program Level: Basic

Delivery Method: Group Internet Based

Class sessions will be held each day from 10:00am - 3:00pm (EDT) with a one hour break for lunch from 12:00pm - 1:00pm.

CPE Credits = 8 credits possible (Accounting)

For information regarding refund, complaint, and/or program cancellation policies please visit our website 

https://powerplan.com/support/powerplan-university/training-policy

PowerPlan 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 www.nasbaregistry.org. PowerPlan’s NASBA Sponsor Number is 105404