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.
DESIGNED FOR
Practitioners and members in industry seeking a better understanding to the new lease accounting rules effective for private companies in 2020.
BENEFITS
- Apply the new financial accounting concepts of leases.
- Gain a working knowledge of accounting rules as they apply to leases.
HIGHLIGHTS
- What is a "lease"?
- Recognition and measurement of lease assets and liabilities.
- Impact on lessors and lessees.
- Disclosures and transition rules.
- Effective dates.
COURSE LEVEL
Basic
PREREQUISITES
None
ADVANCE PREPARATION
None