Lease Accounting New Standard (ASC 842): An Expert’s Guide to Implementation Webinar

To give financial professionals a comprehensive understanding of the changes that the new pronouncement (ASC Topic 842) will make to the current accounting rules for leases. You’ll examine how the new rules will impact your financial statements, and you’ll gain practical guidance on how to apply the new rules to your company’s reporting situation.

• In-depth analysis of the new pronouncement with numerous illustrative examples
• Scope, exceptions and exclusions
• Definition of a lease
• Lease vs. service arrangements
• Identifying lease components
• Allocation of consideration between lease and non-lease components
• Impact to lessees
  – Identifying the lease term
  – Accounting for lessee option incentives
  – Determining lease payments: fixed and variable
  – Lease classification: finance and operating
  – Accounting for lease modifications
  – Case study
• Impact to lessors
  – Determining the lease term and payments
  – Classification: sales-type leases, direct financing and operating leases
  – Case study
• Lessee and lessor disclosures
• Impact on financial reporting of income taxes required by ASC Topic 740
• Accounting for sale/leaseback transactions
• Accounting for leases acquired in a business combination
• Significant differences with IFRS
• Common control arrangements