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The Bottom Line on the New Lease Accounting Requirements

Overview

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
  • Lease terminations

    Prerequisites

    Experience in application of accounting standards

    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.

    Highlights

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

    Register Now

    Materials are generally available 3 days in advance of an event. Once you have downloaded the manual, we are unable to cancel your registration.

    • Event Code:

    4854587

    4 CPE Credits
    Accounting: 4 Credits

    Registration

    Member Price:
    $225
    Non-member Price:
    $269

    Registration is open through 11/13.

    Thursday, November 13th

    1:00pm to 5:00pm

    Add to Calendar

    Instructor

    Daryl Krause

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