AICPA ENGAGE 2018

ENG1807 - Nuts and Bolts of the New Lease Accounting Standard

Jun 12, 2018 11:20am ‐ Jun 12, 2018 12:35pm

Standard: $49.00

Description

On February 25, 2016, the FASB issued ASU 2016-02, Leases, culminating a decade long project. The new standard creates Topic 842, Leases, in the FASB Accounting Standards Codification and will supersede FASB ASC 840, Leases.

In this session, we will:

• Explore the nuts and bolts of the new standard, including the debits and credits associated with transition.

• Identify the key measurements and entries required for transition to the new lease accounting standard.

• Describe the key accounts and journal entries required under the new lease accounting standard.

Speaker(s):

  • Russ Madray, CPA, CGMA, Scholar-in-Residence, Elliott Davis
Tags: NAA PST

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