2024 Topic 842: Understanding the New Lease Accounting Standard

It’s a whole new world for lessees under ASC topic 842.  Soon nearly all leases will need to be disclosed as a liability on the balance sheet – from buildings right down to autos and copiers.  Although the greatest impact will be on large entities, this will affect the financial statements of small and mid-size entities as well.  This program will dive into the new standard on leases, effective dates, and address what you need to know now.

Presented by Bernie Smith

• Delivery Format: Live Webcast Replay

Practitioners and members in industry seeking a better understanding of the new lease accounting rules effective for private companies

• Apply the new financial accounting concepts of leases
• Gain a working knowledge of accounting rules as they apply to leases

• What is a lease?
• Recognition and measurement of lease assets and liabilities
• Impact on lessors and lessees
• Disclosures and transition rules
• Effective dates

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