ASC 842 in the Real World: Process, Precision, and Pitfalls ON DEMAND

Overview

ASC 842 reshaped lease accounting but technical compliance alone is not enough. In this course, Bill Harter brings lease accounting into practical focus, exploring how to identify a lease, measure right-of-use assets and liabilities, and navigate remeasurements, modifications, and classification changes. Participants will also examine common implementation pitfalls and process breakdowns, gaining actionable insights to strengthen controls, improve cross-functional coordination, and maintain precision in real-world lease accounting.

Highlights

ASC 842. Lease accounting.

Prerequisites

Work experience in financial reporting or accounting or an introductory course in accounting.

Designed For

CPAs and accountants.

Objectives

Identify the criteria for determining whether a contract contains a lease under ASC 842. Recognize key measurement principles for right-of-use assets and lease liabilities, including present value and classification considerations. Identify common remeasurement triggers, modifications, and impairment issues in lease accounting. Recall practical process controls and communication practices that reduce risk in lease administration and accounting.

Preparation

None.

Notice

None.