Leases — Getting Ready for Fundamental Changes

The FASB and IASB began a joint project on lease accounting in 2007. In 2013, they each issued a second round of exposure drafts, and key elements were debated right up to the issuance of ASU 2016-02. But despite the many course corrections that have occurred, the boards key objective, to bring most leases on the balance sheet, has been met. The questions that this course will help you answer, is how that will happen, how best to manage the transition to the new standard, and how best to structure lease contracts with financial reporting considerations in mind. (Available in 4-8 hour format)

Learning Objectives

  • Identify how the new standard will affect accounting entries made by lessees and lessors
  • How to manage the transition to the new standard
  • Upon completion of this course, participants will:
  • Recognize how the new standard will affect your company’s balance sheet, bottom line and decision-makers

Major Topics

  • Overview and background
  • “Leases” within the scope of the new standard
  • Initial measurement and balance sheet presentation
  • Lease classification criteria and subsequent measurement
  • Special considerations including: leveraged leases, synthetic leases and sale-leasebacks
  • Presentation and disclosure
  • Business implications
  • Transition planning.

Who Should Attend

Finance and accounting professionals who seek to learn the basics of new ASC Topic 842, key details, transition alternatives, and how it will affect their company’s balance sheet and bottom line

Fields of Study



Basic knowledge of accounting


Business Learning Institute

CPE Credits




This course is available for your group as:


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