Implementation Challenges with the New FASB Lease Standard
Friday, April 25, 2025
1-3 p.m. Central
2 CPE (2 technical)
Course code: 25WX-0322
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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
Major subjects
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FASB's Accounting Standard Update for Leases (ASC Topic 842).
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Key differences between ASC Topic 842 and ASC Topic 840.
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Commitments that are on the balance sheet: operating leases and finance leases
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Allocation consideration to lease and nonlease components.
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Lease payments, discount rate, inception date, commencement date, lease term.
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Impairments of right-of-use asset, modifications, subleases.
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Policy elections and disclosures.
Learning objectives
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Identify the complexities of the new FASB lease standard.
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Recall the FASB lease standard implementation challenges.
Who should take this program?
- Members in public and members in business
Pricing
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$89.00
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 Standard Nonmember Fee |
$89.00
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