Kentucky Society of Certified Public Accountants

Overview

Not-for-profits enter into leases for many types of assets. This course is designed to help you understand the core components of not-for-profit lessee accounting under FASB ASC 842, Leases. You will learn the important definitions involved, the key decision points involved in applying the standard, and how to think through those decision points.

Prerequisites

Some introductory background in not-for-profit accounting

Objectives

Skillfully prepare for the implementation of FASB ASC 842
Become comfortable with the application of FASB ASC 842 in the not-for-profit environment

Highlights

Evaluating whether a contract meets the definition of a lease
Properly calculating the lease term
Determinations and decisions to be made with regard to short-term leases
Distinguishing operating leases from finance leases

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:

SUS0373

1 CPE Credits

Governmental Accounting: 1 Credits

Registration

Member Price:

$49

Non-member Price:

$69