Lease Accounting - Making Sense of the Standard 26-27

This program makes sense of the controversial lease standard. The subtleties of the standard make it difficult to implement and monitor. There wil...

9/18/2026 10:00am - 1:30pm | Online | CalCPA

Members: $175.00, Non-members: $229.00

CPE Categories: Accounting (4 CPE)

Description

This program makes sense of the controversial lease standard. The subtleties of the standard make it difficult to implement and monitor. There will be a detailed discussion on what constitutes a lease, how to monitor them, and ongoing challenges.

Target Audience

CPAs and other financial professionals in public and private practice.

Course Objectives

• Understanding of application of the new lease standard. • Recognize the differences between the old standard in Topic 840 and the new standard in Topic 842. • Recognize the applicability of the standard and the challenges in identifying when a lease exists. • Calculate and report lease liabilities and right-of-use assets • Determine how to calculate the lease term, lease payments, and lease reclassifications. • Identify the financial statement presentation of leases on the balance sheet, income statement, and statement of cash flow.

Subjects

• What control of assets constitute a lease • Embedded leases • Fixed and variable consideration • Determining the lease term • Modifications and assessments • Related party leases • Presenting leases on financial statements • Components of calculating liabilities and rights of use

Prerequisites

None.

Advanced Preparation

Working knowledge of the topic.