Leases Accounting under Topic 842 - Answers to FAQ After Implementation

Overview

Lease accounting under FASB ASC 842 is now fully effective for all entities. Transitioning to new GAAP always leads to implementation issues and concerns. This course will answer the most common questions asked related to the latest lease accounting and financial reporting requirements after adoption and transition. 

Objectives

• List significant requirements of Topic 842 lease accounting and reporting
• Recall answers to FAQ related to lease accounting and reporting  after adopiton

Highlights

• Alternatives to adopting Topic 842
• Short-term lease and related-party leasing arrangements
• Identifying lease agreements under the new rules
• Proper treatment of lease incentives, leasehold improvements, and lease modifications