Implementing the New Lease Accounting Standard for Nonpublic Companies: A Hands-On Workshop Webinar
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Overview
The New Lease Accounting Standard (Topic 842) is now effective for nonpublic companies.This complex standard requires new and existing leases to be adjusted for the balance sheet. Through this informative, hands-on webinar, you’ll gain a thorough understanding of the mechanics of lease implementation and explore:
- Detailed rules and entries for finance and operating leases
- Key assumptions needed for implementing Topic 842
- Disclosure examples for initial application
- Best transition options for your company
- A complete lease analysis example
Objective
To provide CPAs and other financial professionals in nonpublic companies with guidance for implementing the New Lease Accounting Standard and an understanding of its many complexities.
Emphasis
- Accounting rules and entries for both finance and operating leases
- Adjusting existing operating leases for inclusion in the balance sheet
- Documenting the lease capitalization process
- Key assumptions that must be made by the lessee to implement Topic 842
- Determining whether to use lease software for accounting
- Disclosure examples for the initial application of the Standard
- Optimal transition options for your company
- Work through a complete lease analysis
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View SubscriptionsPrerequisite
Basic knowledge of financial accounting and reporting
Level of Knowledge
Intermediate
CPE Credits
8
Hours
NASBA Field of Study
Accounting