Leases: Lessee-Topic 842-20 2024

Wednesday, February 12, 2025

Webcast or Webinar, Online

1:00 PM - 3:00 PM (opens at 12:30PM) EST

2Credits

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$89.00 Regular Price

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$119.00 Regular Price

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Course Type: Webcast

Course Code: 24/6125364

Level: Overview

Vendor: California CPA Education Foundation

Field of Study: Accounting

Overview:

The second course, in a three-course series, concentrates on leasing from the perspective of the Lessee, as covered in ASC Topic 842-20. Since ASC Topic 842, Leases has been adopted by most entities, it is time to review the topic, including any recently issued updates. The course also includes pertinent note disclosures from several publicly traded companies across several industries. Be sure to register for all three parts of this series: Leases: Is it a Lease?-Topic 842-10 Leases: Lessee-Topic 842-21 Leases: Miscellaneous Topics

Objectives:

• Identify short-term leases • Calculate initial measurement of ROU asset and a lease liability • Calculate the subsequent measurement of both finance and operating leases • Describe the presentation of the leases in the financial statements • Review excerpts from a selection of public companies' lease disclosures

Major Topics:

• FASB ASC 842, Leases • All recently released updates to ASC 842, Leases

Major Topics:

• FASB ASC 842, Leases • All recently released updates to ASC 842, Leases

Designed For:

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

Prerequisites:

Attendees should be familiar with the content from the first course, Leases: Is It a Lease?