
Leases: Mastering the FASB Requirements
Key aspects of FASB ASC 842, Leases, including lease modifications, sale and leaseback transactions, and leveraged leases are covered for practitioners looking to understand FASB requirements.
Format
Webcast
Date
Sep 24, 2025
NASBA Field of Study
Accounting
Level
Intermediate
CPE Credits
8
Instructor
Daryl G. Krause
Availability
Product Number
VLEAS250924
FASB ASC 842, Leases, standards decoded
By learning essential information about lease accounting requirements, you’ll understand the core principles of the standards and how to apply them. You’ll explore topics, such as:
- Identification
- Recognition
- Measurement
- Presentation and disclosure requirements
Deliberate application of lessee accounting model
You’ll also learn about classifying leases, the amortization of the right-of-use asset, and the interest on a lease liability. Additional topics include:
- Short-term leases
- Purchase options
- Variable lease payments
- Sale and leaseback transactions
- Leveraged leases
Key Topics
- Lease classification
- Amortization of the lease asset
- Derecognition of the underlying asset
- Recognition of lease receivables
- Lease modifications
- Sale and leaseback transactions
- Presentation and disclosure requirements
Learning Outcomes
- Recognize arrangements which meet the scope requirements for lease accounting under FASB ASC 842
- Recognize lessee accounting requirements for operating leases and finance leases under FASB ASC 842
- Recognize lessor accounting requirements for sales-type, direct financing and operating leases under FASB ASC 842
- Recognize accounting requirements for lease modifications under FASB ASC 842
- Recognize accounting requirements for sale and leaseback transactions under FASB ASC 842
- Recognize presentation requirements for lessees and lessors under FASB ASC 842
Who Will Benefit
- Accountants and finance professionals
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2 to 5 registrants
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