22WS-1296: Surgent's Lease Accounting: The Impact of Changing Standards on Both Lessors and Lessees (Webinar)
If you have questions about this event, please call us at 952-831-2707.
Wednesday, December 28, 2022
12:00pm - 2:00pm Central Time
2 CPE (2 technical)
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. With 2022 here, now is time to get up to date on all that is going on with regard to lease accounting.
Major subjects
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Outcomes of the recent FASB and IASB Joint Project related to Leases
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Differentiating between accounting and reporting requirements for operating and finance leases
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Evaluating possible material misstatement related to lease recognition, measurement, presentation and disclosure
Learning objective(s)
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Identify finance lease transactions, including both lessor and lessee perspectives
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Understand the proper accounting and financial reporting treatment for operating and finance leases
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Describe how lessor accounting is influenced by revenue recognition and measurement concepts
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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
Fees
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