Conference on Credit Unions 2018

CU1810 - Leasing

Oct 23, 2018 1:10pm ‐ Oct 23, 2018 2:25pm


FASB's New Lease Accounting - From a Lessee's Perspective:

Session will cover the impact to lessees of the FASB’s new lease accounting standard, ASU 2016-02, Leases (Topic 842), including examples involving leases commonly entered into by credit unions. Areas of focus will include the following:

1. The purpose and scope of the ASU

2. Lessee accounting models, including classification of leases as operating vs. financing

3. Recognition and measurement considerations

4. Financial statement presentation and disclosures

5. Transition and effective date

At the end of this session, participants will be able to understand:

  • General objective and brief history of the lease accounting project and why it was added to the FASB’s technical agenda 
  • Lessee accounting model, including key elements that will affect recognition and measurement of lease arrangements 
  • Financial statement presentation and disclosures required of lessees under the new lease accounting
  • Effective date of the new lease accounting standard and transition matters that may affect their business
  • Steps that should be taken now to prepare for implementation of the new lease accounting standard


    • Bret Rutter, CPA, Partner, National Office Accounting & Auditing, Moss Adams LLP

    You must be logged in and own this session in order to post comments.