Understand the key principles of lease accounting under ASC 842

Recognize and measure lease liabilities and right-of-use assets

Apply the new standard to operating and finance leases

Ensure accurate disclosure of leases in financial statements

Introduction to ASC 842

• Overview of the key changes introduced by ASC 842

• The difference between operating and finance leases under ASC 842

• Practical case: Identify key changes in a company’s lease accounting due to ASC 842

Recognition and Measurement of Lease Liabilities and Right-of-Use Assets

• Calculating lease liabilities and recognizing right-of-use assets

• Initial and subsequent measurement of leases

• Practical case: Measure lease liabilities for a corporate lease

Operating vs. Finance Leases

• Criteria for classifying leases as operating or finance leases

• Accounting treatment for both types of leases

• Practical case: Classify and record a finance lease for a manufacturing company

Disclosure Requirements for Leases

• Required disclosures under ASC 842 for lessees and lessors

• Practical case: Prepare lease disclosures for a retail company’s financial statements

Challenges and Best Practices for ASC 842 Implementation

• Common challenges in adopting ASC 842 and how to overcome them

• Best practices for compliance and reporting under ASC 842

• Practical case: Develop an ASC 842 implementation plan for a multinational corporation

Numerous practical examples illustrating the different studied concepts

Practical cases to draw parallels with the concepts learned

Accountants and financial controllers

Real estate and lease management professionals

Auditors and compliance officers

Financial analysts and corporate finance professionals

Basic knowledge of financial reporting and lease accounting

Training structured around skill transfer

Acquisition of operational skills through practice and experimentation

Collaborative learning during synchronous sessions

Multi-stage learning path to allow engagement, learning, and transfer

Training promoting participant engagement for better anchoring of lessons

Skill evaluation will be conducted throughout the training by the participant (self-evaluation) and/or the trainer according to the training methods.

Online training evaluation on your participant space:

• Immediate evaluation at the end of the training to measure your satisfaction and perception of skill improvement against training objectives. With your agreement, your overall rating and comments will be published on our site via Verified Reviews.

• Post-training evaluation 40 days later to validate the transfer of your acquired skills in the workplace

Attendance tracking and issuance of an individual training certificate or a certificate of completion