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FASB ASC 842, Leases, Debrief and Implementation Challenges Webcast

Dec 12
11:00 - 12:40 p.m.

Online

2.00-A&A
CPE Credits

Discuss the implementation challenges associated with FASB ASC Topic 842, Leases and the key differences from the previous guidance in ASC Topic 840, Leases. Explore the practical challenges and complexities within the new standard and how they apply to you. Session will primarily focus on lessee accounting and will discuss the key issues within the standard, required analyses, critical judgments, policy elections, disclosures and the lessons learned from public filings.
Highlights
• FASB's Accounting Standard Update for Leases Topic 842 • Key differences between FASB ASC Topic 842 and ASC Topic 840 • Implementation challenges including leases between entities under common control, determining the interest rate, tracking the details, Lease payments, discount rate, inception date, commencement date, lease term, modifications, practical expedients, policy elections and disclosures

Registration

PICPA Member: $89
Nonmember: $114

More Information

Course No. 796400 Level: Update

Prerequisites: None

Notes
This course provides an understanding of the complexities of the new FASB lease standard and its implementation challenges. Explore the practical implementation challenges and complexities within the FASB’s Accounting Standard Update for Leases Topic 842 including key differences between FASB ASC Topic 842 and ASC Topic 840, practical expedients, remeasurement triggering events, transition entries and options. Session will go beyond the basics and will include examples.

Speaker(s)

Allison Henry

Vice President - Professional & Technical Standard