Menu

Leases: Mastering the New FASB Requirements

Overview

FASB ASC 842, Leases, standards decoded
By learning essential information about lease accounting requirements, you'll understand the core principles of the standards and how to apply them. You'll explore topics, such as:

  • Identification
  • Recognition
  • Measurement
  • Presentation and disclosure requirements

    Deliberate application of lessee accounting model
    You'll also learn about classifying leases, the amortization of the right-of-use asset, and the interest on a lease liability. Additional topics include:
  • Short-term leases
  • Purchase options
  • Variable lease payments
  • Sale and leaseback transactions
  • Leveraged leases

    Prerequisites

    Experience in application of accounting standard

    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 accounting requirements for lease modifications under FASB ASC 842.
    • Recognize accounting requirements for sale and leaseback transactions under FASB ASC 842.
    • Recognize presentation requirements for lessees and lessors under FASB ASC 842.

    Highlights

  • Lease classification
  • Amortization of the lease asset
  • Derecognition of the underlying asset
  • Recognition of lease receivables
  • Lease modifications
  • Sale and leaseback transactions
  • Presentation and disclosure requirements

    Register Now

    Materials are generally available 3 days in advance of an event. Once you have downloaded the manual, we are unable to cancel your registration.

    • Event Code:

    8 CPE Credits
    Accounting: 8 Credits

    Registration

    Member Price:
    $332
    Non-member Price:
    $403

    Registration is open through 03/25.

    Tuesday, March 25th

    9:00am to 5:00pm

    Add to Calendar

    Instructor

    Daryl Krause

    Related Courses

    2024 Topic 842: Understanding the New Lease Accounting Standard

    March 22, 2025

    2 Credits
    Details
    Planning in an Uncertain World

    March 22, 2025

    2 Credits
    Details
    Preparing to be a Forensic Accountant - Focus on Digital Forensics

    March 22, 2025

    1.8 Credits
    Details
    © 2025 Kentucky Society of Certified Public Accountants. All Rights Reserved. Contact Us