Topic 842 - Implementing Leases Workshop

Friday, May 13, 2022
Webcast or Webinar, Online
9:00 AM - 12:48PM (opens at 8:30 AM) EST
4Credits
Accounting and Auditing

Registration is Closed

Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.

Members
$129.00 Regular Price
Non-Members
$159.00 Regular Price
Course Type: Webcast
Course Code: 22/AC611620
Level: Intermediate
Vendor: ACPEN
Field of Study: Accounting

Overview:

This course offers an in-depth look at the new leases standard (ASC 842), which requires organizations to recognize lease assets and liabilities on the balance sheet. This comprehensive course will cover recognition, measurement, presentation and disclosure requirements, while also focusing on a key area of change which is proper identification of a lease using a principles-based approach. We will discuss implementation requirements from both the lessee and lessor accounting models. In addition, we explore a variety of scenarios including short-term leases, purchase options, variable lease payments, and remeasurement. This
course offers practical journal entry examples, lessons learned from implementation, and explores recently issued amendments to the lease accounting guidance.


Key Topics:
Leases
Topic 842

Learning Objectives:
• Define a lease under the new leases standard
• Apply recognition and measurement requirements of
the new leases standard
• Describe the presentation and disclosure
requirements of the new leases standard
• Prepare journal entries necessary to account for
leases as both a lessee and lessor

Objectives:

  • Define a lease uner the new leases standard

  • Apply recognistion and measurement requirements of the new leases standard 

  • Describe the presentation and disclosure reuirements of the new leases standard

  • Prepare journal entries necessary to account for leases as both a lessee and a lessor

Major Topics:

  • Accounting
  • New leases standard (ASC 842)

 

Major Topics:

  • Accounting
  • New leases standard (ASC 842)

 

Designed For:

Professionals in the accounting industry.

Prerequisties:

Prior Experience with Topic 842