Basic accounting, financial reporting, and disclosure requirements under FASB ASC 842, *Leases* are explained for accounting and finance professionals.
DESIGNED FOR
Accountants and finance professionals
BENEFITS
- Recognize arrangements which meet the scope requirements for lease accounting under FASB ASC 842.
- Recognize accounting requirements for lease modifications under FASB ASC 842.
- Recognition presentation requirements for lessees and lessors under FASB ASC 842.
- Identify the recognition criteria for sales-type, direct financing, and operating leases.
HIGHLIGHTS
Lease classification
Amortization of the leased asset
Derecognition of the underlying asset
Recognition of lease receivables
Lease modifications
Sale and leaseback transactionsPREREQUISITES
Experience in application of accounting standards
ADVANCE PREPARATION
None