FASB's New Lease Accounting Standard

Description

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 and address what you need to know now.

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

Highlights

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

Objectives

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

Designed For

Practitioners and members in industry seeking a better understanding to the new lease accounting rules effective for private companies in 2020.