Lease Accounting Changes & Implementation

Author: Scott Ehrlich, CPA

Lease Accounting: The time is RIGHT NOW to understand the requirements of the lease accounting standard and evaluate the impact on your organization.

Scott Ehrlich, founder and Managing Director of Mind the GAAP, LLC, will guide you through what you need to know, such as:

• Understanding changes and implementation challenges the lease accounting standard has on accounting and financial reporting


• Learn how CCH® Accounting Research Manager® helps you understand the implementation and related impacts you need to know when you have to be right.

Publication Date: January 2018

Designed For
All CPAs in public practice, corporate finance staff, corporate leasing staff.

Topics Covered

• Lease Accounting under ASC 842
• The Headlines
• Changes for Lessors
• Effective Date
• Definition of a Lease
• Lease Accounting Roadmap

Learning Objectives

• Identify how your business and/or clients business will be affected by the new Lease Accounting Standard implementation
• Differentiate correct statements with respect to the new lease accounting standards
• Describe identifiable assets within the scope of the new lease accounting standard
• Identify how to properly calculate lease payments
• Recognize the date public companies must adopt ASC Topic 842 by
• Identify how to utilize the lease accounting roadmap

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Accounting (1 hour)

Program Prerequisites
Basic understanding of accounting concepts regarding leasing.

Advance Preparation
None