Description
Lease accounting under FASB ASC 842 is now fully effective for all entities. Transitioning to new GAAP always leads to implementation issues and concerns. This course answers the most common questions asked related to the latest lease accounting and financial reporting requirements after adoption and transition.
Major Topics:
- Alternatives to adopting Topic 842
- Short-term lease and related-party leasing arrangements
- Identifying lease agreements under the new rules
- Proper treatment of lease incentives, leasehold improvements, and lease modifications
Who Should Attend: Anyone responsible for preparing or attesting upon financial statements.
