Overview :

The Financial Accounting Standards Board (FASB) significantly transformed lease accounting with the introduction of Accounting Standards Update (ASU) 2016-02, now codified under ASC 842. This landmark change affects all organizations that lease property or equipment, requiring lessees to recognize lease assets and liabilities on their balance sheets. As these new rules are now fully in effect, understanding their implications is critical—not just for accurate financial reporting, but also for maintaining compliance with loan covenants and other contractual obligations.

This webinar will guide you through the complexities of the updated lease accounting standards. You'll gain practical insights into identifying, classifying, and measuring leases under the new framework. By the end of the session, you’ll be equipped to navigate the transition with confidence and ensure your financial statements reflect the latest requirements. This course is essential for accounting professionals who are directly involved in financial reporting, compliance, or contract management.

Learning Objectives:-

• Understand what constitutes a Right of Use (ROU) asset and how it affects your balance sheet
• Identify the types of arrangements subject to the new lease accounting rules
• Learn the four critical steps to calculate the ROU asset accurately
• Determine the lease term and evaluate the various types of lease payments
• Select an appropriate discount rate for lease calculations
• Understand additional elements included in the ROU asset
• Explore the 12-month policy election and its application
• Distinguish between accounting for operating and finance leases under the new standard

Why This Webinar Is a Must-Attend:-
Gain clarity and confidence in applying ASC 842 to your lease portfolio. Whether you're in accounting, finance, or contract management, this session will help you ensure compliance, enhance reporting accuracy, and support strategic decision-making.

Who Should Attend:-

• Accounting and Finance Professionals
• Controllers and CFOs
• Internal Auditors
• Financial Reporting Teams
• Lease and Contract Administrators.

Price Details