This course offers an in-depth look at the new leases standard (ASC 842), which requires organizations
to recognize lease assets and liabilities on the balance sheet. This comprehensive course will cover
recognition, measurement, presentation and disclosure requirements as well as focus the proper
identification of a lease using a principles-based approach. We will discuss implementation
requirements from both the lessee and lessor accounting models. In addition, we explore a variety of
scenarios including short-term leases, purchase options, variable lease payments, and remeasurement.
This case-based course is up-to-date, exploring recently issued amendments to the lease accounting
guidance, while also offering practical journal entry examples and lessons learned from implementation.