This program is not active.
Not Found
Webcast Replay

Topic 842 – Implementing Leases Workshop


Total Credits: 4 including 4 Accounting - Technical

Category:
Technical
Faculty:
Melisa F. Galasso
Course Levels:
Intermediate
Duration:
4 Hour
Format:
Audio and Video
License:

Dates


Description

This course offers an in-depth look at the new leases standard (ASC 842), which requires organizations to recognize lease assets and liabilities on the balance sheet. This comprehensive course will cover recognition, measurement, presentation and disclosure requirements, while also focusing on a key area of change which is proper identification of a lease using a principles-based approach. We will discuss implementation requirements from both the lessee and lessor accounting models. In addition, we explore a variety of scenarios including short-term leases, purchase options, variable lease payments, and remeasurement. This
course offers practical journal entry examples, lessons learned from implementation, and explores recently issued amendments to the lease accounting guidance.


Key Topics:
Leases
Topic 842

Learning Objectives:
• Define a lease under the new leases standard
• Apply recognition and measurement requirements of
the new leases standard
• Describe the presentation and disclosure
requirements of the new leases standard
• Prepare journal entries necessary to account for
leases as both a lessee and lessor

Handouts

Faculty

Melisa F. Galasso's Profile

Melisa F. Galasso Related seminars and products

Founder and CEO

Galasso Learning Solutions LLC


Melisa Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with nearly 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical acconting and auditing topics, including not-for-profit and governmental accounting. She also supports essential professional development, audit level training, and train the trainer efforts. Melisa is a Certified Professional in Talent Development (CPTD) and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers. Within the industry, Melisa serves on the FASB’s Not-for-Profit Advisory Committee (NAC), AICPA Council, and the VSCPA’s Board of Directors. She previously served on the AICPA’s Technical Issues Committee (TIC) and is a past-Chair of the NCACPA’s A&A committee. Melisa also authors the AICPA’s State and Local Government Guide and serves as a SME for the Center for Plain English Accounting.

 


Additional Info

Basic Course Information

Original Recording Date

06/07/2021


Date Added to Catalog

06/07/2021


Please wait ...

Back to Top