Kentucky Society of Certified Public Accountants

Overview

In this one-hour overview course, we'll review the key accounting aspects of ASC 842, primarily from a lessee's perspective. The course will review lease classification, measuring and recording lease liabilities and related assets, and subsequent accounting for both finance and operating leases. The course will also discuss transition accounting for ASC 842 and provide examples of the disclosures required under the standard.

Prerequisites

Experience in financial accounting and reporting

Objectives

Comprehend and apply the FASB’s comprehensive lease accounting guidance found in ASU No. 2016-02, Leases (Topic 842)
Recall operational issues in adopting the lease accounting standard

Highlights

ASU No. 2016-02, Leases (Topic 842)
Overall lease accounting guidance
Lessor Accounting 101
Detailed review of accounting by lessees
Updates to the lease accounting guidance

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:

SUS0361

1 CPE Credits

Accounting: 1 Credits

Registration

Member Price:

$49

Non-member Price:

$69