Surgent's What You Need to Know About ASC 842, Leases

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.

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

Prerequisites

Experience in financial accounting and reporting

Designed For

Practicing CPAs and their staffs, both in public accounting and business and industry – controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review

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

Preparation

None

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by Surgent Professional Education. The course expires one year from the purchase date. Format = On-Demand Webcast.