Key aspects of FASB ASC 842, *Leases*, including lease modifications, sale and leaseback transactions, and leveraged leases are covered for practitioners looking to understand FASB requirements.
DESIGNED FOR
Accountants and finance professionals
BENEFITS
- Recognize arrangements which meet the scope requirements for lease accounting under FASB ASC 842.
- Recognize lessee accounting requirements for operating leases and finance leases under FASB ASC 842.
- Recognize lessor accounting requirements for sales-type, direct financing and operating leases under FASB ASC 842.
- Recognize accounting requirements for lease modifications under FASB ASC 842.
- Recognize accounting requirements for sale and leaseback transactions under FASB ASC 842.
- Recognize presentation requirements for lessees and lessors under FASB ASC 842.
HIGHLIGHTS
Lease classification
Amortization of the lease asset
Derecognition of the underlying asset
Recognition of lease receivables
Lease modifications
Sale and leaseback transactions
Presentation and disclosure requirementsPREREQUISITES
Experience in application of accounting standard
ADVANCE PREPARATION
None