CPAacademy.org | DETERMINING THE IMPLICIT RATE UNDER THE NEW LEASE

Content Provider

Self-Study CPE

FINANCIAL REPORTING AND ANALYSIS - 10 COURSE SERIES
View Details/Register

SEC HOT TOPICS: MD&A AND NON-GAAP FINANCIAL MEASURES
View Details/Register

MANAGEMENT DISCUSSION & ANALYSIS (MD&A) – WHAT YOU NEED TO KNOW
View Details/Register

REVENUE RECOGNITION: HOW TO IDENTIFY PERFORMANCE OBLIGATIONS
View Details/Register

LESSEE ACCOUNTING: IDENTIFICATION, CLASSIFICATION & RECOGNITION
View Details/Register

ACCOUNTING FOR SOFTWARE – INTERNAL USE AND EXTERNAL SALES
View Details/Register

SEC FORM 8-K: WHEN TO FILE AND WHAT TO DISCLOSE
View Details/Register

DISCLOSURE REQUIREMENTS: REV REC, LEASES, BUSINESS COMBINATIONS, CECL & SEGMENTS
View Details/Register

LEASE ACCOUNTING AND REPORTING - WHAT YOU NEED TO KNOW
View Details/Register

ACCOUNTING FOR BUSINESS COMBINATIONS
View Details/Register

Determining the Implicit Rate Under the New Lease Accounting Standards

Accounting

DETERMINING THE IMPLICIT RATE UNDER THE NEW LEASE ACCOUNTING STANDARDS

Cost Free

CPE Credits 1.0 hour

Subject Area 1.0 - Accounting

CE Credits 0.0 hours

Course Level Basic

Instructional Method Group Internet Based

Prerequisites None

Advanced Preparation None

Who Should Attend CPA - small firm
CPA - medium firm
CPA - large firm
Other

Series: Women in Accounting

Course Description

During this live event, LeaseQuery will highlight the differences in interest rates available for leases for both lessees and lessors under the main accounting jurisdictions. Our lease accounting experts will outline the correct application of the implicit rate within a lease under the new lease accounting standards: ASC 842, IFRS 16, and GASB 87, discussing their similarities and differences. Finally, our accountants will walk through a detailed example of how to correctly calculate the implicit rate within a lease.

Learning Objectives:

Determine the various lease interest rates and when to use each

Identify the differences in applying the implicit rate under the three main new lease accounting standards

Discuss and demonstrate an example of how to calculate the implicit rate based on key inputs

Rachel Reed

FinQuery
Technical Accounting Manager
rachel.reed@leasequery.com
(800) 880-7270

Rachel Reed is a Technical Accounting Manager at LeaseQuery. Rachel's experience includes working in the audit practice at EY, where she served clients across various industries in both the public and private sectors. Rachel graduated from the University of Mississippi (Ole Miss) with a Bachelor's degree and a Master's degree in Accounting.

Amanda Payne

FinQuery
Technical Accounting Manager
amanda.payne@leasequery.com
(800) 880-7270

Amanda Payne is a Technical Accounting Manager at LeaseQuery. She began her career at Ernst & Young (EY) in assurance services working with clients in the public, private, and nonprofit sectors. There she was responsible for planning and performing audit procedures, collecting and organizing ongoing support from client management, and leading and presenting to client management and assurance teams in the Americas, India, and Egypt. Amanda earned a bachelor’s degree in Accounting with a Specialization in Professional Accounting from the University of Alabama and a master’s degree in Accounting from Troy University.

Additional Materials

Webinar Technical FAQs

Frequently Asked Questions

To receive CPE credit, you must register for the webinar before it starts.
CPE is available to all eligible participants within 24 hours of each webinar.
To receive CPE for multiple attendees, at least one person must sign up for the webinar. The post-webinar email contains a link to instructions for the proctor letter. Alternatively, you may log in to your account following the webinar and click on the MY ACCOUNT button to find a link to instructions. For paid courses, payment needs to be made for each attendee before credit will be issued.

Handout Materials

Presentation Slides

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) 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.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

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.