FASB's ASC 842 substantially impacts how companies (private, public, and non-profit) account for leases in their financial statements. The new lease accounting standard brings all leases onto your balance sheet, in an effort to increase the transparency and visibility of an organization's lease liabilities.

The Fundamentals of ASC 842 Compliance webinar will give you an overview of ASC 842, what changes to expect, and practical examples so you can learn by doing. Lease accounting implementation and ongoing maintenance of the new standard requires a working knowledge of the changes, an understanding of updates to your journal entries, and collaboration with your real estate team. 


Learning Objectives: 

• Define the ASC 842 standard


• Give examples of practical initial recognition for finance and operating leases


• Identify best practices and ongoing journal entry maintenance tips