Leases and Lease Accounting under ASC 842

This session will provide a deep dive into the Financial Accounting Standards Board’s ASC 842 and its impact on lessors and lessees. We will discuss best practices for the implementation of the lease accounting standards, review sample journal entries, and discuss new disclosure requirements. During this session, we will also address participant questions on the impact these new standards will have on grant-funded organizations. After participating, attendees will be able to identify lease accounting standards and compliance requirements under ASC 842.

This session is recommended for all attendees affiliated with organizations that are subject to FASB standards. The experience level is basic. There are no prerequisites for attendance, and prior preparation is not required. Attendees can earn up to 2.0 hours of CPE credit in the field of accounting for completing this session.