The effective date for private companies for ASC Topic 842 is January 1, 2020!  Question: Are you prepared? Designed for CPAs, accountants, auditors, CEOs, CFOs, controllers, financial statement preparers, this course provides a practical overview of the understanding of the FASB’s new leasing guidance. The course provides a brief overview as well as additional guidance, best practices, presentation, and disclosures.  The new leasing standard could impact existing contract terms, tax planning strategies, budgets, debt covenant compliance, incentive compensation plans, etc.  In other words, this new standard are much more than an accounting issue, it’s a business issue! As such, it is critical that all accounting and auditing practitioners, in both public accounting and business and industry, begin their review and preparation for implementing Topic 842 as soon as possible!

Event Objectives:

• Identify the FASB’s new leasing standard


• Recognize the new accounting and reporting requirements of leasees


• Discuss the new presentation and disclosure requirements


• Provide the transition requirements and practical application of initial adoption of the new standard.

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