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Webinar (CPA Crossings): Implementation Challenges with the new FASB Lease Standard

Description

Learn the basics of FASB Accounting Standard Update for Leases Topic 842, the key differences between ASC Topic 842 and ASC Topic 840, Leases, which is being superseded, and explore the practical challenges and complexities within the new standard and how they apply to you. Session will primarily focus on lessee accounting and will discuss the key issues within the standard, required analyses, critical judgments, policy elections, disclosures and the lessons learned from public filings.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives

After attending this presentation you will be able to…

  • Understand the complexities of the new FASB lease standard 
  • Explain the FASB lease standard implementation challenges 
Major Topics

The major topics that will be covered in this class include:

  • FASB’s Accounting Standard Update for Leases Topic 842
  • Key differences between FASB ASC Topic 842 and ASC Topic 840
  • Commitments that are on the balance sheet – Operating leases and finance leases
  • Allocating consideration to lease and non-lease components
  • Lease payments, discount rate, inception date, commencement date, lease term
  • Impairments of right of use asset, modifications, subleases
  • Policy elections and disclosures
Provider
CPA Crossings, LLC
Course Level
Basic
CPE Field of Study
Accounting
2
Who Should Attend

CPAs

Instructor(s)
Allison Henry
Prerequisites

None

Advanced Preparation

This webinar is produced by CPA Crossings. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Location
Webinar
Event Information
When
Oct 29, 2021
11:30 am - 1:30 pm MDT
Location
Webinar
Total CPE Credits
2
Format
Webinar

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Webinar (CPA Crossings): Implementation Challenges with the new FASB Lease Standard


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