2024 Topic 842: Understanding the New Lease Accounting Standard

Friday, November 15, 2024
Webcast or Webinar, Online
1:00 PM - 3:00 PM (opens at 12:30PM) EST
2Credits
Accounting and Auditing

Registration is Open

Members
$79.00 Regular Price
Non-Members
$109.00 Regular Price

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$40.00 Members / $56.00 Non-Members
Course Type: Webcast
Course Code: 24/AC091257
Level: Basic
Vendor: ACPEN
Field of Study: Accounting

Overview:

It’s a whole new world for lessees under ASC topic 842.  Soon nearly all leases will need to be disclosed as a liability on the balance sheet – from buildings right down to autos and copiers.  Although the greatest impact will be on large entities, this will affect the financial statements of small and mid-size entities as well.  This program will dive into the new standard on leases, effective dates, and address what you need to know now.

Objectives:

  • Apply the new financial accounting concepts of leases
  • Gain a working knowledge of accounting rules as they apply to leases

Major Topics:

  • What is a lease?
  • Recognition and measurement of lease assets and liabilities
  • Impact on lessors and lessees
  • Disclosures and transition rules
  • Effective dates

Major Topics:

  • What is a lease?
  • Recognition and measurement of lease assets and liabilities
  • Impact on lessors and lessees
  • Disclosures and transition rules
  • Effective dates

Designed For:

Practitioners and members in industry seeking a better understanding of the new lease accounting rules effective for private companies

Prerequisites:

None