|Full time Accounting Educator:||None|
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.
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
- New leases standard (ASC 842)
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