Examining ASC 842, Leases: More Than Meets the Eye - Virtual Experience

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  • Location
    • Your Computer
      Your Space
      ISCPA / WASCPA Webinar, ID 00000
  • Credits
    • 4.00
  • Credit Type(s)
    • Accounting (4.00)
  • Prerequisites
    • Experience in financial accounting and reporting

  • Vendor
    • Surgent
  • Level
    • Intermediate
  • Fields of Study
    • Accounting
  • Message
    • Virtual Experience


Implementing ASU No. 2016-02, Leases (Topic 842) is sure to have a major impact on your balance sheet and potentially on your business as well. This course is a one-stop shop for what you need to know about the now-effective changes to the lease accounting guidance. In this course, we will review how to measure the lease liability and right-of-use asset that will now be recorded on the balance sheet for all leases. We will also tackle the tricky issues of accounting for lease modifications and other lease remeasurement events as well as address the other major provisions of ASC 842, such as disclosures and transition. We will also review the income statement treatment of lease expense for all leases for both lessees and lessors and discuss recent FASB implementation guidance. Lastly, the course will cover all recent updates to the originally issued guidance in Topic 842, including that related to discount rates. With Topic 842's effective date here, now is the time to get up to speed on this complex new standard.

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


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


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

Advanced Prep

  • Manual will be available to download in the meeting room
  • Test your computer/device for compatibility with virtual meeting space well in advance of your webinar
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    Charles Borek

    Charles A. Borek, founder of The Borek Group, has been practicing as a CPA and lawyer for over 25 years, representing clients ranging from individual taxpayers to publicly traded corporations. He has also held faculty positions at American University, the University of Baltimore, and Prince George's Community College and has delivered hundreds of continuing professional education courses in live, webinar, and written formats.

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