The Bottom Line on the New Lease Accounting Requirements
Monday, April 21, 2025
8 a.m.-noon Central
4 CPE (4 technical)
Course code: 25WI-0027
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Online registration is not available due to server maintenance.
Please call 952-831-2707 between 7:30 a.m. and 4:30 p.m. Central to register.
FASB ASC 842, Leases explained
Understanding lease fundamentals is essential to applying FASB lease requirements appropriately. As such, you'll delve into key concepts that define what a lease is, as well as basic lease accounting topics, such as:
- Contracts containing leases
- Lease classification
- Amortization of the right-of-use asset
- Impairment considerations
Lease presentation and disclosure requirements
Comprehensive examples and case studies will guide you through approaches to help you adopt accounting guidance for FASB ASU 2023-01. You'll also review the presentation and disclosure requirements, and other topics, including:
- Lease versus non-lease components
- Sales-type lease
- Direct financing lease
- Operating lease
- Lease terminations
Major subjects
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Lease classification
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Amortization of the leased asset
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Derecognition of the underlying asset
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Recognition of lease receivables
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Lease modifications
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Sale and leaseback transactions
Learning objectives
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Recognize arrangements which meet the scope requirements for lease accounting under FASB ASC 842
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Recognize accounting requirements for lease modifications under FASB ASC 842
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Recognition presentation requirements for lessees and lessors under FASB ASC 842
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Identify the recognition criteria for sales-type, direct financing, and operating leases
Who should take this program?
- Accountants and finance professionals
Pricing
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Standard Member Fee |
$213.00
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 Standard Nonmember Fee |
$261.00
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