Topic 842: FASB's Lease Accounting Standard Update
July 10, 2025
Webinar
2 CPE
Instructor
Dr. Chris Harper
Topic 842: FASB's Lease Accounting Standard Update
Instructor
Dr. Chris
Harper
It's a whole new world for lessees under ASC topic 842. Soon nearly all leases will need to be disclosed as a liability on the balance sheet
from buildings right down to autos and copiers. Although the greatest impact will be on large entities, this will affect the financial statements of small and mid-size entities as well. This program will dive into the new standard on leases, effective dates, and address what you need to know now.
Learning Objectives
Apply the new financial accounting concepts of leases
Gain a working knowledge of accounting rules as they apply to leases
Major Topics
What is a lease?
Recognition and measurement of lease assets and liabilities
Impact on lessors and lessees
Disclosures and transition rules
Effective dates
CPE Credits Available
2 CPE
2
Accounting
Things to Know About This Course
Course Level
Basic
Professional Area of Focus
Accounting
Advanced Preparation
None
Intended Audience
Practitioners and members in industry seeking a better understanding of the new lease accounting rules effective for private companies
