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Accounting for COVID-19 Lease Concessions

ACCOUNTING FOR COVID-19 LEASE CONCESSIONS

Cost Free
Presentation Length 1.0 hour

Recorded DateJune 16, 2020
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAccounting
Course LevelBasic
Course Description

During this presentation, LeaseQuery’s lease accounting experts will explain the accounting options for lease concessions granted due to COVID-19. We will introduce the new relief provisions offered by the FASB for efficient lease accounting during this unprecedented time and walk through several examples of how to apply. Also included in the discussion will be modification and termination lease accounting treatments for arrangements that do not qualify for the relief provisions or companies that elect not to use them.

Learning Objectives:


  • Understand Lease Accounting impacts due to COVID-19

  • Determine when the new relief accounting options offered by the FASB can be applied

  • Learn how to apply the new relief accounting options

  • Identify other accounting treatments for changes to lease arrangements

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Kiley Arnold, CPA

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

Finquerylogo

Kiley Arnold is an Accounting Manager at LeaseQuery and a CPA, certified in the state of Georgia.  She started her career as an auditor at Arthur Andersen.  She moved into a Senior Accountant role and later served as an Assistant Controller in companies across multiple industries, including healthcare, transportation, media, and manufacturing. In her most recent role, Kiley led the IFRS 16 implementation team for a global manufacturing company. 

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Amanda Payne

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

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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.

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.