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The Bottom Line on the New Lease Accounting Requirements


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Fairmont Hot Springs Resort

1500 Fairmont Rd
Fairmont, MT 59711

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4.00 Credits

Member Price $200.00

Non-Member Price $250.00


Which leases are within the scope of FASB ASC 842, Leases and what are the basic accounting, financial reporting and disclosure requirements? This webcast answers those questions and more. Case study exercises are included to illustrate how to apply the standard.

You will also learn about:

  • The lessee accounting model, including lease classification
  • Amortization of the right-of-use asset
  • Interest on the lease liability
  • The lessor accounting model, including profit recognition and collectability


Lease classification
Amortization of the lease asset
Derecognition of the underlying asset
Recognition of lease receivables


Experience in application of accounting standards

Designed For

Accountants and finance professionals


  • Recognize arrangements which meet the scope requirements for lease accounting under FASB ASC 842
  • Recognize lessee accounting requirements for operating leases and finance leases under FASB ASC 842
  • Recognize lessor accounting requirements for sales-type, direct financing and operating leases under FASB ASC 842
  • Recognize presentation requirements for lessees and lessors under FASB ASC 842
  • Recognize business factors to consider when implementing FASB ASC 842




Leader Bios

Ronald Kral

Ronald Kral, CPA, CMA, CGMA Las Vegas, NV Ron Kral is the managing partner of Candela Solutions LLC, a public accounting firm with a national focus on accounting, governance, SEC compliance and internal auditing. He is an educator, advisor and catalyst for companies to protect and grow client shareholder value. Mr. Kral has worked with hundreds of organizations as a Public Accountant, many through Big-4 firms. He specializes in public companies registered with the SEC, as well as other types of organizations, seeking practical accounting guidance, internal controls and risk assessments. Ron has a balanced mix of industry and public accounting experience. Prior to forming Candela Solutions in 2003, Mr. Kral was a financial executive for a subsidiary of a multibillion dollar company traded on the NYSE. He was also a principal consultant with PricewaterhouseCoopers leading operational audits and internal control projects. Ron began his public accounting career with a California CPA firm as a financial auditor where he signed audit opinions upon becoming managing director of the firm’s Orange County office. He launched his career as a performance auditor with the California State Auditor. Ron is a nationally recognized speaker on corporate compliance, risk assessments, controls, SEC disclosures, auditing standards and accounting matters. He is a lead facilitator for the COSO’s Internal Control Certificate program. Mr. Kral holds an MBA from Arizona State University and a BBA from the University of Wisconsin-Madison. He is a member of 4 of the 5 COSO sponsoring organizations; the AICPA, FEI, IIA and IMA.

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Non-Member Price $250.00

Member Price $200.00