Recall lessons learned and practical implementation challenges and complexities with the FASB's Accounting Standard Update for Leases (ASC Topic 842). Identify key differences between ASC Topic 842 and ASC Topic 840, Practical Expedients, remeasurement-triggering events.
DESIGNED FOR
Accountants in business and in public accounting.
BENEFITS
After attending this presentation you will be able to...
- Identify the complexities of the new FASB lease standard and its implementation challenges.
HIGHLIGHTS
The major topics that will be covered in this class include:
- FASB's Accounting Standard Update for Leases (ASC Topic 842)
- Key differences between ASC Topic 842 and ASC Topic 840
- Implementation options, entries, practical expedients, and remeasurement-triggering events
- FASB ASU 2023 - 01 - Leases (Topic 842): Common Control Arrangements
COURSE LEVEL
Basic
PREREQUISITES
None
ADVANCE PREPARATION
None