Surgent's Accounting for and Auditing Leases

ON-DEMAND

Online

2-A&A
CPE Credits

"Accounting for and auditing leases was always a challenging task. Adding the implementation of the lease accounting guidance in ASC 842, Leases, will undoubtedly add that much more complexity to this audit area.


In this module, we will review the new lease accounting model for lessees, compare and contrast the new model with the existing guidance in ASC 840, and review in detail the key considerations in accounting for operating leases under ASC 842 and the other new guidance in the standard.


Then, we’ll review common audit procedures related to auditing the lease liability and the related Right-of-Use asset, including reviewing the enhanced lease disclosure requirements under ASC 842 and review common audit procedures to perform over the cumulative effect adjustment which entities must record when they adopt ASC 842"
Highlights
  • Comprehend and apply theFASBs comprehensive new lease accounting guidance found in ASU No. 2016-02,Leases (Topic 842)
  • Auditing considerations related to ASC 842 transition and subsequent accounting

Registration

PICPA Member: $58
Nonmember: $78

More Information

Course No. ON-DEMAND Level: Basic

Prerequisites: None

Notes
You will have up to 90 days after the date of purchase to complete the course and take the exam. *excludes CPE Academy unlimited access.

Speaker(s)

Richard Daisley