Webinar

The Bottom Line on the New Lease Accounting Requirements

If you have questions about this event, please call us at 952-831-2707.

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FASB ASC 842, Leases, explained. Understanding lease fundamentals is essential to applying FASB lease requirements appropriately. As such, you'll delve into key concepts that define what a lease is, as well as basic lease accounting topics, such as: Contracts containing leases, lease classification, amortization of the right-of-use asset, impairment considerations, lease presentation and disclosure requirements. Comprehensive examples and case studies will guide you through approaches to help you adopt accounting guidance for FASB ASU 2023-01. You'll also review the presentation and disclosure requirements, and other topics, including: Lease versus non-lease components, sales-type lease, direct financing lease, operating lease, and lease terminations.

Major subjects

• Lease classification
• Amortization of the leased asset
• Derecognition of the underlying asset
• Recognition of lease receivables
• Lease modifications
• Sale and leaseback transactions

Learning objectives

• Recognize arrangements which meet the scope requirements for lease accounting under FASB ASC 842
• Recognize accounting requirements for lease modifications under FASB ASC 842
• Recognition presentation requirements for lessees and lessors under FASB ASC 842
• Identify the recognition criteria for sales-type, direct financing, and operating leases

Who should take this program?

• Accountants and finance professionals

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $269.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.