CPE & Events Catalog
Leases: Mastering the New FASB Requirements
FASB ASC 842, *Leases*, standards decoded
By learning essential information about lease accounting requirements, you’ll understand the core principles of the standards and how to apply them. You’ll explore topics, such as:Identification
Recognition
Measurement
Presentation and disclosure requirements
Deliberate application of lessee accounting model
You’ll also learn about classifying leases, the amortization of the right-of-use asset, and the interest on a lease liability. Additional topics include: Short-term leases
Purchase options
Variable lease payments
Sale and leaseback transactions
Leveraged leases
By learning essential information about lease accounting requirements, you’ll understand the core principles of the standards and how to apply them. You’ll explore topics, such as:
Deliberate application of lessee accounting model
You’ll also learn about classifying leases, the amortization of the right-of-use asset, and the interest on a lease liability. Additional topics include:
Learning Objectives
- 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 accounting requirements for lease modifications under FASB ASC 842.
- Recognize accounting requirements for sale and leaseback transactions under FASB ASC 842.
- Recognize presentation requirements for lessees and lessors under FASB ASC 842.
Highlights
· 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 accounting requirements for lease modifications under FASB ASC 842.
· Recognize accounting requirements for sale and leaseback transactions under FASB ASC 842.
· Recognize presentation requirements for lessees and lessors under FASB ASC 842.
Event Level: Intermediate
Field of Study: Accounting and Auditing
Who Should Attend
· Accountants and finance professionals
Required Knowledge
Experience in application of accounting standard
