Surgent's What You Need to Know About ASC 842, Leases

Available Anytime

Location: Online

1Credits

Accounting and Auditing

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FICPA Members

~~$49.00 Regular Price~~

Nonmembers

$64.00 Regular Price

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Product Code: SU24-NLS1-SSWC

Level: Intermediate

Vendor: Surgent

Field of Study: Accounting

Overview:

With the effective date of ASC 842, Leases, right around the corner, companies are running out of time develop their implementation plans. In this one-hour overview course, we'll review the key accounting aspects of ASC 842, primarily from a lessee's perspective. The course will review lease classification, measuring and recording lease liabilities and related assets, and subsequent accounting for both finance and operating leases. The course will also discuss transition accounting for ASC 842 and provide examples of the new disclosures required under the new standard. This course is the one-stop shop to get all the basic information about this standard before it's too late.

Objectives:

Comprehend and apply the FASB’s comprehensive new lease accounting guidance found in ASU No. 2016-02, Leases (Topic 842)
Recall operational issues in adopting the new lease accounting standard

Major Topics:

ASU No. 2016-02, Leases (Topic 842)
Overall lease accounting guidance
Lessor Accounting 101
Detailed review of accounting by lessees
Transition guidance
Recently issued updates to the lease accounting guidance

Designed For:

Practicing CPAs and their staffs, both in public accounting and business and industry -- controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review

Prerequisite:

Experience in financial accounting and reporting

Additional Info:

You will receive an email from info@surgent.com with instructions on how to log onto your course shortly. If you do not receive the email within the hour, please check your spam filter.

For technical support, registration questions or other customer service-related inquiries, please call (800) 778-7436 or email info@surgent.com. Phones are staffed from 8:30 a.m. to 5:00 p.m. Eastern Time, Monday through Thursday, and 8:30 a.m. to 4:00 p.m. Eastern Time on Friday.