Topic 842 – Implementing Leases Workshop (4 hours)

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Jul 16, 2020

Registration: 10:30 AM / Program: 11:00 AM - 2:49 PM Pacific Time

Fees

Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

Description

This course offers an in-depth look at the new leases standard (ASC 842), which requires organizations to recognize lease assets and liabilities on the balance sheet. This comprehensive course will cover recognition, measurement, presentation and disclosure requirements as well as focus the proper identification of a lease using a principles-based approach. We will discuss implementation requirements from both the lessee and lessor accounting models. In addition, we explore a variety of scenarios including short-term leases, purchase options, variable lease payments, and remeasurement. This case-based course is up-to-date, exploring recently issued amendments to the lease accounting guidance and offering practical journal entry examples and lessons learned from implementation.

Designed For

Professionals in the accounting industry.

Objectives

  • Define a lease uner the new leases standard

  • Apply recognistion and measurement requirements of the new leases standard 

  • Describe the presentation and disclosure reuirements of the new leases standard

  • Prepare journal entries necessary to account for leases as both a lessee and a lessor

Major Subjects

  • Accounting
  • New leases standard (ASC 842)

This event has already passed. If you have any questions, please contact us at 503-641-7200 or email profdev@orcpa.org.