- Welcome
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Welcome & Introduction 4 min
- Lease Accounting Basics
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Navigation and Tools in Lease 32 min
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Lease Accounting Basics 17 min
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Key Terminology, Lessors, Vendors, and Hierarchy 28 min
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Knowledge Check
- Lease Agreement Structure
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Lease Groups 5 min
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MLA Details 15 min
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Asset Details 18 min
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ILR Groups 7 min
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ILR Details - Part 1 44 min
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ILR Details - Part 2 8 min
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Knowledge Check
- Lease Actions
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ILR Approvals and Revisions 28 min
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Transfer Assets and Retire Assets 14 min
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Modify Quantity via ILR Revision 10 min
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Lessee - Automated Account Balance Transfer 12 min
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Lessee - Impairment Import, Purchase Option Hardening, and Update ILR Accounts for Different ILR Group 38 min
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Knowledge Check
- Month End Close
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Perform Month End Close 36 min
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Defer Auto-Retirement Processing 3 min
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Knowledge Check
- Reports and Queries
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Lease Queries 31 min
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Lease Reports 9 min
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Lease Queries and Similar Lease Reports 5 min
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Knowledge Check
- Multi-Currency
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Multi-Currency 30 min
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Knowledge Check
- Variable Payments
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Overview, Terminology and Payment Workspace 14 min
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Creating Variable Payment 42 min
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Knowledge Check
- Lessor Accounting
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Lessor Accounting 44 min
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Knowledge Check
PowerPlan Lease Accounting 2023.2
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