Virtual
Lease Implementation for Private Entities 2024
Date: Feb. 13, 2025
Time: 8 – 11:30 a.m. PT
Member
$159.00
Nonmember
$209.00
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Overview
The Financial Accounting Standards Board (FASB) has issued a new accounting standard for leases. This new standard—ASC Topic 842—replaces the existing ASC Topic 840, changes the accounting for operating leases (requiring capitalization in the financial statements), and upgrades many other lease accounting and reporting aspects.
Product Code
1000002754-125244
Credit Type
CPE: 4CPE-AA: 4CPE-Technical: 4Intended Audience
Accountants and auditors will be able to adequately plan their audit and review engagements regarding the appropriate procedures to be performed to determine their clients’ compliance with the applicable requirements regarding adopting the Lease standard. Internal Accountants can better understand their company's needs to implement the Lease standard.
NASBA Field of Study
- Accounting
- Auditing
Level of Difficulty
Basic
Prerequisites
None
Advance Preparation
None
Learning Objectives
Major Subjects
- Analysis of requirements for lease accounting under ASC 842, including detailed schedules showing journal entries and computations
- Analysis of internal control and fraud risk aspects
- Identification of high-risk areas of lease accounting and reporting
- Suggested audit and review procedures for identified risks
Faculty
