Exploring the New Lease Accounting Standard

Overview

Description:
It's a whole new world for lessees under ASC topic 842. This program will dive into the new standard on leases and its impact on every size entity, review effective dates, and address what you need to know now.

Learning Objectives:

After attending the presentation you will be able to...

• Apply the new financial accounting concepts of leases
• Gain a working knowledge of accounting rules as they apply to leases

Program Content:

The major topics that will be covered in this class include:

• What is a lease?
• Recognition and measurement of lease assets and liabilities Impact on lessors and lessees
• Disclosures and transition rules
• Effective dates

Who should attend: Practitioners and members in industry seeking a better understanding of the new lease accounting rules effective for private companies.

Developed By: Chris Harper, CPA

Instructor: Chris Harper, CPA

CPE Credit: 2.0

Field of Study: Accounting (2 CPE)

Prerequisites: None

Advanced Preparation: None

Format: QAS Self Study

Highlights

• What is a lease?
• Recognition and measurement of lease assets and liabilities Impact on lessors and lessees
• Disclosures and transition rules
• Effective dates

Prerequisites

None

Designed For

Practitioners and members in industry seeking a better understanding of the new lease accounting rules effective for private companies.

Objectives

• Apply the new financial accounting concepts of leases
• Gain a working knowledge of accounting rules as they apply to leases

Preparation

None