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2024 Topic 842 - Implementing Leases Workshop

Overview

This updated course offers an in-depth look at the FASB 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 critical area of change which is the 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.

Prerequisites

Prior experience with Topic 842

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 

Highlights

  • Leases
  • Topic 842
  • Recognition & Measurement

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:

5917271

4 CPE Credits
Accounting: 4 Credits

Registration

Member Price:
$129
Non-member Price:
$159

Registration is open through 01/25.

Saturday, January 25th

10:00am to 2:00pm

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Instructor

Melisa Galasso