Learn the basics of FASB Accounting Standard Update for Leases Topic 842, the key differences between ASC Topic 842 and ASC Topic 840, Leases, which is being superseded, and explore the practical challenges and complexities within the new standard and how they apply to you. Session will primarily focus on lessee accounting and will discuss the key issues within the standard, required analyses, critical judgments, policy elections, disclosures and the lessons learned from public filings.
FASB’s Accounting Standard Update for Leases Topic 842. Key differences between FASB ASC Topic 842 and ASC Topic 840. Commitments that are on the balance sheet. Operating leases and finance leases. Allocating consideration to lease and non-lease components. Lease payments, discount rate, inception date, commencement date, and lease terms. Impairments of right of use asset, modifications, and subleases. Policy elections and disclosures.
Understand the complexities of the new FASB lease standard. Explain the FASB lease standard implementation challenges.
- Allison Henry
Non-Member Price $99.00
Member Price $79.00