Advanced Lease Accounting: Navigating Complex Scenarios Under ASC 842
The content outlines an advanced session on ASC 842 lease accounting that covers evaluating complex lease modifications, identifying embedded leases and related party arrangements, accounting for leasehold improvements and sale-leaseback transactions, and performing ongoing lease maintenance including impairment assessments and reconciliations.
Advanced Lease Accounting: Navigating Complex Scenarios Under ASC 842
Lease accounting doesn’t stop at initial adoption. This advanced session dives deep into the ongoing complexities of maintaining compliance with ASC 842.
Viewers will learn how to:
- Evaluate complex lease modifications including reassessments of lease term, lease incentives, and the impact of variable payments when indexes change.
- Identify and account for embedded leases and related party arrangements in accordance with ASC 842.
- Apply accounting treatment for leasehold improvements and sale-leaseback transactions, including timing and recognition of incentives received.
- Demonstrate procedures for ongoing lease maintenance, including impairment assessments and reconciliation processes.