View Catalog

The Bottom Line on the New Lease Accounting Requirements

ID: 63690
Friday February 14, 2025 12:00PM - 4:00PM
Topics: Financial Accounting, Reporting + Analysis
NON-MEMBERS$261.00
MEMBERS$213.00
YOUR PRICE$261.00

FASB ASC 842, *Leases* explained

Understanding lease fundamentals is essential to applying FASB lease requirements appropriately. As such, you’ll delve into key concepts that define what a lease is, as well as basic lease accounting topics, such as:

- Contracts containing leases

- Lease classification

- Amortization of the right-of-use asset

- Impairment considerations

Lease presentation and disclosure requirements

Comprehensive examples and case studies will guide you through approaches to help you adopt accounting guidance for FASB ASU 2023-01. You’ll also review the presentation and disclosure requirements, and other topics, including:

- Lease versus non-lease components

- Sales-type lease

- Direct financing lease

- Operating lease

- Lease terminations