Understanding the New Lease Accounting Standard (PGLS)

Pre-requistes:

Experience in financial accounting and reporting

Knowledge Level:

Intermediate

Major Topics:

• Recently issued updates to the lease accounting guidance
• Lessee Accounting 101
• Lessor Accounting 101
• Transition guidance
• ASU No. 2016-02, Leases (Topic 842)
• Other operational issues
• Detailed review of accounting by lessees and lessors
• Feedback from the public company adoption of Topic 842
• Sale and leaseback transactions
• Overall lease accounting guidance
• FASB guidance on accounting for COVID-19-related rent concessions

Learning Objectives:

• Recall operational issues in adopting the new lease accounting standard
• Comprehend and apply the FASB’s comprehensive new lease accounting guidance found in ASU No. 2016-02, Leases (Topic 842)

Designed For:

Practicing CPAs and their staffs, both in public accounting and business and industry -- controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review