Self-Study

Surgent's Lease Accounting: The Impact of Changing Standards on Both Lessors and Lessees

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The effective date for ASU 2016-02, Leases (Topic 842) is finally here. The new standard eliminates one of the largest forms of off-balance sheet accounting and requires most leases to be brought onto the balance sheet irrespective of their classification as either financing or operating. The new guidance in ASC 842 also makes other changes in lease accounting for both lessees and lessors. This course will discuss the impact of these changing standards on both lessees and lessors and discusses recently issued updates to ASC 842. Now is time to get up to date on all that is going on with regard to lease accounting.

Major subjects

• Outcomes of the recent FASB and IASB Joint Project related to Leases.
• Differentiating between accounting and reporting requirements for operating and finance leases.
• Evaluating possible material misstatement related to lease recognition, measurement, presentation and disclosure.

Learning objectives

• Identify finance lease transactions, including both lessor and lessee perspectives.
• Understand the proper accounting and financial reporting treatment for operating and finance leases.
• Describe how lessor accounting is influenced by revenue recognition and measurement concepts.
• Explain important transition issues from the current to new standards.

Who should take this program?

• Practicing CPAs and accounting professionals in business and industry that prepare and review or audit financial statements.

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $89.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.

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Related programs

Sept. 10, 2026 | Lease Implementation for Private Entities | Webinar

Sept. 15, 2026 | The Bottom Line on the New Lease Accounting Requirements | Webinar

Sept. 17, 2026 | Lessee and Lessor Accounting | Webinar

Sept. 18, 2026 | Lease Accounting: Making Sense of the Standard | Webinar

Sept. 18, 2026 | Topic 842: FASB's Lease Accounting Standard Update | Webinar

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Related products

Surgent's Accounting for and Auditing Leases | Self-Study (On-Demand)

Surgent's Examining ASC 842, Leases | Self-Study (Downloadable PDF)

Surgent's Examining ASC 842, Leases: More Than Meets the Eye | Self-Study (On-Demand)

Surgent's What You Need to Know About ASC 842, Leases | Self-Study (On-Demand)

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