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Live Webcast Replay

2024 Topic 842 - Implementing Leases Workshop


Total Credits: 4 including 4 Accounting - Technical

Average Rating:
   20
Categories:
ACPEN Industry Institute |  Accounting and Auditing
Faculty:
Melisa F. Galasso
Course Levels:
Intermediate
Duration:
4 Hours
License:
Product Setting: Expires 30 day(s) after program date.

Dates
Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


Description

This updated course offers an in-depth look at the FASB leases standard (ASC 842), which requires organizations to recognize lease assets and liabilities on the balance sheet. This comprehensive course will cover recognition, measurement, presentation, and disclosure requirements, while also focusing on a critical area of change which is the proper identification of a lease using a principles-based approach. We will discuss implementation requirements from both the lessee and lessor accounting models. 

In addition, we explore a variety of scenarios, including short-term leases, purchase options, variable lease payments, and remeasurement. This course offers practical journal entry examples, lessons learned from implementation, and explores recently issued amendments to the lease accounting guidance.

Basic Course Information

Learning Objectives
  • Define a lease under the new leases standard 
  • Apply recognition and measurement requirements of the new leases standard 
  • Describe the presentation and disclosure requirements of the new leases standard 
  • Prepare journal entries necessary to account for leases as both a lessee and lessor 

Major Subjects
  • Leases
  • Topic 842
  • Recognition & Measurement

Course Materials

Faculty

Melisa F. Galasso's Profile

Melisa F. Galasso Related Seminars and Products

Founder and CEO

Galasso Learning Solutions LLC


Melisa Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with nearly 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical acconting and auditing topics, including not-for-profit and governmental accounting. She also supports essential professional development, audit level training, and train the trainer efforts. Melisa is a Certified Professional in Talent Development (CPTD) and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers. Within the industry, Melisa serves on the FASB’s Not-for-Profit Advisory Committee (NAC), AICPA Council, and the VSCPA’s Board of Directors. She previously served on the AICPA’s Technical Issues Committee (TIC) and is a past-Chair of the NCACPA’s A&A committee. Melisa also authors the AICPA’s State and Local Government Guide and serves as a SME for the Center for Plain English Accounting.

 


Dates

Wed, Nov 27, 2024 - 04:00pm to 07:40pm EST
Tue, Dec 03, 2024 - 06:00pm to 09:40pm EST
Thu, Dec 12, 2024 - 12:00pm to 03:40pm EST
Sat, Dec 21, 2024 - 02:00pm to 05:40pm EST
Wed, Jan 08, 2025 - 04:00pm to 07:40pm EST
Sat, Jan 25, 2025 - 10:00am to 01:40pm EST
Tue, Feb 04, 2025 - 12:00pm to 03:40pm EST
Mon, Feb 17, 2025 - 02:00pm to 05:40pm EST
Fri, Mar 14, 2025 - 04:00pm to 07:40pm EDT
Tue, Mar 25, 2025 - 06:00pm to 09:40pm EDT
Sat, Apr 12, 2025 - 12:00pm to 03:40pm EDT
Tue, Apr 29, 2025 - 02:00pm to 05:40pm EDT

Additional Info

Basic Course Information

Prerequisites Prior experience with Topic 842
Advanced Preparation None
Designed For Accounting professionals
Original Recording Date 05/01/2024
Course Developer Galasso Learning Solutions LLC
Date Added to Catalog 1/22/2024
Yellow Book No

Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199). 


Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method

Group Internet Based


Course Registration Requirements

Online Registration


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 


Reviews

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Overall:      4.7

Total Reviews: 20