Topics covered include:
Lease Accounting under ASC 842;
Changes for Lessors;
Definition of a Lease;
Lease Accounting Roadmap.
Upon completing the course, you should be able to:
Identify how your business and/or clients business will be affected by the new Lease Accounting Standard implementation;
Differentiate correct statements with respect to the new lease accounting standards;
Describe identifiable assets within the scope of the new lease accounting standard;
Identify how to properly calculate lease payments;
Recognize the date public companies must adopt ASC Topic 842 by;
Identify how to utilize the lease accounting roadmap.
Basic understanding of accounting concepts regarding leasing.