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Addressing the basics of the new major standard
Which leases are within the scope of FASB ASC 842, Leases and what are the basic accounting, financial reporting and disclosure requirements? This webcast answers those questions and more. Case study exercises are included to illustrate how to apply the standard.
You will also learn about:
– The lessee accounting model, including lease classification
– Amortization of the right-of-use asset
– Interest on the lease liability
– The lessor accounting model, including profit recognition and collectability
– Recognize arrangements which meet the scope requirements for lease accounting under FASB ASC 842
Lease classification
Experience in application of
accounting standards
Accountants and finance professionals