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The Bottom Line on the New Lease Accounting Requirements (4 hours - late morning) – Webcast


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4.0 Credits

Member Price $175.00

Non-Member Price $200.00


Which leases are within the scope of FASB ASC 842, Leases, and what are the basic accounting, financial reporting, and disclosure requirements? This course addresses those questions by focusing on the basic core principles of this major standard. By centering on the core principles of this significant standard, we provide clarity on essential topics such as the identification, recognition, measurement, presentation, and disclosure requirements for leases. Engaging case studies are incorporated throughout the course to illustrate the application of the standard. Additionally, this course explores the lessee accounting model, shedding light on lease classification, amortization of the right-of-use asset, and the calculation of interest on the lease liability. This course also examines the accounting model for lessors, addressing key considerations such as profit recognition and the assessment of collectability.

OSCPA has partnered with the Washington Society of CPAs for this event.


  • Lease classification
  • Amortization of the lease asset
  • Derecognition of the underlying asset
  • Recognition of lease receivables


Experience in application of accounting standards

Designed For

Accountants in practice and industry


This course is intended to familiarize the learner with the key aspects of the leases standard, FASB ASC 842. When you complete this course, you will be able to:

  • Recognize arrangements which meet the scope requirements for lease accounting under FASB ASC 842.
  • Recognize lessee accounting requirements for operating leases and finance leases under FASB ASC 842.
  • Recognize lessor accounting requirements for sales-type, direct financing, and operating leases under FASB ASC 842.
  • Recognize presentation requirements for lessees and lessors under FASB ASC 842. 


Leader Bios

Roger Cusworth, AICPA

Roger A. Cusworth, CPA, is a 1984 graduate of Iowa State University with a bachelor's degree in accounting, receiving his CPA certificate in 1987. He has worked for entities within the State of Colorado in various capacities for 27 years and has worked in the accounting and auditing field for over 32 years. In the private sector, he worked for a "Big 8" accounting firm and a local accounting firm conducting audits of local governments, not-for-profit organizations, banks and a large public software company. His experience within the State of Colorado includes working in the Office of State Auditor conducting the Statewide financial audit and University of Colorado financial audit, as well as numerous performance audits, working in the State Controller's Office as a field accounting specialist and representing the State Controller on several statewide committees, working for the University of Colorado as the Deputy Controller and representative for the University on the Higher Education Financial Advisory Committee, and working for the Colorado School of Mines as the Controller. Roger has conducted numerous training sessions tailored towards accounting and auditing professionals within the State of Colorado, addressing such topics as auditing procedures, capital construction accounting, year-end open/close training, GAAP updates, fiscal responsibility, and internal controls.


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Non-Member Price $200.00

Member Price $175.00