March 9, 2023

Webinar

2 Total CPE Credits

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

  • Instructor

    Allison Henry

Learn the basics of FASB’s Accounting Standard Update for Leases (ASC Topic 842), the key differences between ASC Topic 842 and ASC Topic 840, Leases, and the practical challenges and complexities within the new standard and how they apply to you. We will focus on lessee accounting, and will discuss 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…

  • Identify the complexities of the new FASB lease standard.
  • Recall 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 (ASC Topic 842).
  • Key differences between ASC Topic 842 and ASC Topic 840.
  • Commitments that are on the balance sheet: operating leases and finance leases
  • Allocation consideration to lease and nonlease components.
  • Lease payments, discount rate, inception date, commencement date, lease term.
  • Impairments of right-of-use asset, modifications, subleases.
  • Policy elections and disclosures.

CPE Credits Available

2
Total CPE
2
Accounting

Things to Know About This Course

Course Level

  • Basic

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.

Intended Audience

Members in Public and Members in Business

Provider

CPA Crossings, LLC

This event has ended.