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Topic 842 - Implementing Leases Workshop

 Various
 
4.0
Registration is Open
Member Price
$129.00 Regular Registration
Your Price
$159.00 Regular Registration
This course is being offered on multiple dates, listed below. Click the Register button next to your preferred date to register.
 Thu, 06/05/2025 from 6:00 pm to 9:40 pm
 Mon, 06/16/2025 from 10:00 am to 1:40 pm
 Thu, 06/26/2025 from 2:00 pm to 5:40 pm
 Mon, 07/07/2025 from 10:00 am to 1:40 pm
 Sat, 07/26/2025 from 2:00 pm to 5:40 pm
 Wed, 08/06/2025 from 10:00 am to 1:40 pm
 Mon, 08/18/2025 from 2:00 pm to 5:40 pm
 Thu, 09/11/2025 from 6:00 pm to 9:40 pm
 Fri, 09/26/2025 from 2:00 pm to 5:40 pm
 Thu, 10/09/2025 from 10:00 am to 1:40 pm
 Wed, 10/22/2025 from 2:00 pm to 5:40 pm
 Fri, 11/07/2025 from 10:00 am to 1:40 pm
 Thu, 11/20/2025 from 2:00 pm to 5:40 pm
 Wed, 12/03/2025 from 10:00 am to 1:40 pm
 Thu, 12/11/2025 from 6:00 pm to 9:40 pm
Designed For:

Accounting Professionals

Prerequisite:

Prior experience with Topic 842

This updated course offers an in-depth look at the FASB 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, while also focusing on a critical area of change which is 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 course offers practical journal entry examples and lessons learned from implementation, while exploring recently issued amendments to the lease accounting guidance.
 

Delivery Method: Individual webcast
CPE Credit: Accounting
Program Level: Intermediate

Sponsors

For Technical Support: 
Please contact the ACPEN Help Desk at (877) 602-9877, [email protected]   or visit https://vscpa.acpen.com/Support/. The Help Desk is available by phone 24/7, 365 days a year. Allow 1 business day for email

Objectives

  • Recall the definition of a lease under ASC 842
  • Apply recognition and measurement requirements of ASC 842
  • Recognize the presentation and disclosure requirements of the new leases standard
  • Prepare journal entries necessary to account for leases as both a lessee and lessor 

Speakers

Advanced Preparation

None

Vendor

The Virginia Society of CPAs (VSCPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org.

For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.