Implementation Challenges with the new FASB Lease Standard (X2-20802)

After attending this presentation you will be able to:

• Understand the complexities of the new FASB lease standard 
• Explain the FASB lease standard implementation challenges 

The major topics that will be covered in this class include:

• FASB's Accounting Standard Update for Leases Topic 842
• Key differences between FASB ASC Topic 842 and ASC Topic 840
• Commitments that are on the balance sheet - Operating leases and finance leases
• Allocating consideration to lease and non-lease components
• Lease payments, discount rate, inception date, commencement date, lease term
• Impairments of right of use asset, modifications, subleases
• Policy elections and disclosures