Lease Accounting for Lessees Under ASC 842 2024
1.00 Credits
Member Price $49
Non-Member Price $59
Overview
Understanding the impact of lease accounting on lessees is broader than just the financial statements, which impacts everything from systems to forecasts to debt covenants. Learn how the changes required by ASC 842 impacts lease accounting practices through real-world examples.
Highlights
- Summary of key changes from ASC 840 to 8422
- Technical requirements of ASC 842
- Impact on lessees
- Impact of COVID
- Disclosure requirements
Prerequisites
None
Designed For
CPAs, accountants, auditors and financial professionals.
Objectives
- Recognize the scope of ASC 842
- Identify critical terms and definitions under ASC 842
- Determine the impact of ASC 842 on lessee reporting entities
Preparation
None
Leader(s):
Leader Bios
Summer Taylor
Summer Taylor is a Senior Manager in Deloitte and Touche LLP’s external audit practice. She is a CPA with over 13 years of public accounting and business experience. She specializes in consumer product, retail and manufacturing business issues. She is also a Subject Matter Resource on Internal Controls and Sarbanes-Oxley. Ms. Taylor facilitates for Deloitte’s internal learning program and has also taught at the Paul Merage School of Business at UC Irvine. She is a member of the AICPA and alumni of UCLA.
Non-Member Price $59
Member Price $49