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Event Information

Leases: Lessor & Effective Date and Transition (Topic 842-30) Webcast | 4203309A
Date: August 18, 2020
Event Start time: 11:00 AM   End time: 1:00 PM
Location: Webcast

Facility: Webcast Remote

 


Member:       $79
Nonmember: $109

CPE Credits:

2.00 CPE: Continuing Professional Education Technical
2.00 AA: Auditing & Accounting


 

The last of a three-course series, focused on ASC 842, Leases. Leasing is popular among corporations, for needs including office space and equipment. Addresses leasing from the perspective of a lessor, and the effective date and transition for both the lessor and lessee. Public company disclosures will also be reviewed. Attendees should be familiar with content from the first course, Leases: Is It a Lease? and the second course, Leases: Lessees.

 

ASC 842, Leases, is now effective for most publicly traded entities. Private companies and nonprofit entities should also prepare, as the effective date for nonpublic entities is annual reporting periods beginning after December 15, 2020. Early application is also permitted. Prepare your clients and companies for adoption.

 

 

 


Objectives:
 
  • Recognize the lease at commencement under sales-type, direct financing, and operating leases, from the perspective of a lessor.
  • Calculate the subsequent measurement under sales-type, direct financing, and operating leases, from the perspective of a lessor.
  • Describe the presentation of the leases in the financial statements.
  • Identify the effective date for public and nonpublic entities.
  • Describe the transition requirements for both lessees and lessors.
  • Review a selection of public companies' lease disclosures. 
 

 

 
 
 

Major Subjects:
 
  • FASB ASC 842, Leases
  • All recently released updates to ASC 842, Leases
 
 
 
 

Level of Difficulty:
Overview

Field of Interest:
Accounting

Prerequisites:
 

Leases: Is It a Lease? and Leases: Lessee

 
 
 
 

Designed For:
 

CPAs, auditors, consultants, and financial and management professionals.

 
 
 
 

Advanced Prep:
 

None.

 
 
 
 

Event Notes:
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