2024 Topic 842: Understanding the New Lease Accounting Standard
2.00 Credits
Member Price $79
Non-Member Price $109
Overview
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, effective dates, and address what you need to know now.
Highlights
- What is a lease?
- Recognition and measurement of lease assets and liabilities
- Impact on lessors and lessees
- Disclosures and transition rules
- Effective dates
Prerequisites
None
Designed For
Practitioners and members in industry seeking a better understanding of the new lease accounting rules effective for private companies
Objectives
- Apply the new financial accounting concepts of leases
- Gain a working knowledge of accounting rules as they apply to leases
Preparation
None
Non-Member Price $109
Member Price $79