Leases – ASU 2016-03
Overview:
ASC Topic 842 requires a principles-based approach to account for leases. This session will cover guidance with the new revenue recognition guidance.This presentation was previously recorded at the MEGA CPE Conference on 06/13/19.
Objectives:
After viewing this presentation, participants will be able to:
- Discuss the amended guidance for the treatment of leases and the affect across industries
- Define the term “lease” per Topic 842, Leases
- Identify the five conditions for classifying a lease as finance or operating
- Describe the major differences between the old and new standard
- Discuss how the new standard applies to lessee accounting
Instructors:
Major Topics:
Designed For:
CPAs or accounting professionals.Prerequisite:
Some knowledge of accounting for leasesAdditional Info:
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