The Bottom Line on the New Lease Accounting Requirements

Learn the core principles of FASB ASC 842, Leases, including identification, recognition, measurement, presentation and disclosure requirements.

12/6/2022 8:00am - 12:00pm  |  Online  |  AICPA

Members: $197.00, Non-members: $241.00

CPE Categories: Accounting (4 CPE)

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Addressing the basics of the new major standard

Which leases are within the scope of FASB ASC 842, Leases and what are the basic accounting, financial reporting and disclosure requirements? This webcast answers those questions and more. Case study exercises are included to illustrate how to apply the standard.

You will also learn about:

- The lessee accounting model, including lease classification

- Amortization of the right-of-use asset

- Interest on the lease liability

- The lessor accounting model, including profit recognition and collectability

Instructor: Daryl Krause

Target Audience

Accountants and finance professionals

Course 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 presentation requirements for lessees and lessors under FASB ASC 842

- Recognize business factors to consider when implementing FASB ASC 842


@ Lease classification

-@ Amortization of the Lease asset

-@ Derecognition of the underlying asset

-@ recognition of Lease receivables


Experience in application of accounting standards