Overview
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ASC 840 to ASC 842: Differences and Similarities
4 mins
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Surprises with the New Lease Standard
13 mins
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FASB: No Materiality Explicitly Included
20 mins
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Common Mistakes to Avoid
24 mins
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Unexpected Business Impacts
33 mins
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Course Description
ASC 842, Leases, fundamentally changed the accounting for leases. With increased transparency and comparability being the goal of the standard by the Financial Accounting Standards Board (FASB), nearly all leases are required to be recognized on the balance sheet.
This course will cover the ASC 840 to ASC 842 Differences, Similarities, and Timeline. We'll also cover surprises with the New Lease Standard including embedded leases, Real Estate Leases and Related parties. We'll provide a summary of practical expedients, as well. Once you've completed this course, you'll know what common mistakes to avoid when implementing ASC 842 and tips to simplify the process of implementation.Â
Recommended for:
This online CPE webinar for CPAs is recommended for Accountants who want to update their knowledge and skills
Learning Objectives
- To identify the Differences and Similarities of ASC 840 and ASC 842
- To understand the Surprises that come from the New Lease Standard
- To understand Common Mistakes to Avoid
- To understand the Unexpected Business Impacts of the change in lease standard
- Tips to Simplify Implementation
Who Should Attend?
- Accountant
- Accounting Firm
- Accounting Managers
- CPA (Industry)
- CPA - Mid Size Firm
- CPA - Small Firm
- Young CPA