Lease Accounting for Lessees Under ASC 842 2024

Overview

Understanding the impact of lease accounting on lessees is broader than just the financial statements, which impacts everything from systems to forecasts to debt covenants. Learn how the changes required by ASC 842 impacts lease accounting practices through real-world examples.

Highlights

• Summary of key changes from ASC 840 to 8422
• Technical requirements of ASC 842
• Impact on lessees
• Impact of COVID
• Disclosure requirements

Prerequisites

None

Designed For

CPAs, accountants, auditors and financial professionals.

Objectives

• Recognize the scope of ASC 842
• Identify critical terms and definitions under ASC 842
• Determine the impact of ASC 842 on lessee reporting entities

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by the California Education Foundation (CalCPA). Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.