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Overview

4.0 Credits
ONLINE

Now that industry CPAs and auditors have passed the year of adoption of the new Lease standard for private companies, not-for-profits and public business entities, they need to deal with lease challenges post-adoption. Discuss real-life examples of lease modifications, lease reassessments, related party leases and right-of-use asset impairment. Also, look at lessons learned and common pitfalls.

Objectives

  • Apply the lessons learned and common pitfalls on lease adoption
  • Distinguish the accounting for a lease modification, lease reassessment and a new lease
  • Perform right-of-use asset impairment

 

Major Topics

  • Lessons learned and common pitfalls on adoption of the new lease standard
  • Related Party Leases and Leasehold Improvements using recent FASB developments
  • Walk through an example to differentiate between a lease modification, lease reassessment and a new lease
  • Right-of-use asset impairment example 

 

Prerequisite

A basic understanding of the new lease standard

Sessions

Please select the appropriate session or option below to continue with your online purchase

Thursday, May 16, 2024

General Sessions