Topic 842 - Implementing Leases Workshop
Total Credits: 4 including 4 Accounting - Technical
- Average Rating:
- Not yet rated
- Categories:
- ACPEN Industry Institute | Accounting and Auditing | Yellow Book
- Faculty:
- Melisa F. Galasso
- Course Levels:
- Intermediate
- Duration:
- 4 Hours
- License:
- Product Setting: Expires 30 day(s) after program date.
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 and lessons learned from implementation, while exploring recently issued amendments to the lease accounting guidance.
Basic Course Information
Learning Objectives- Recall the definition of a lease under ASC 842
- Apply recognition and measurement requirements of ASC 842
- Recognize 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
- Accounting
- Yellowbook
- Leases Standards
- ASC 842
Course Materials
| IMPORTANT CPE Credit Instructions Read Before Webcast Updated 2025 (434.2 KB) | Available after Purchase | ||
| Topic 842 - Implementing Leases Workshop Handout (1.9 MB) | Available after Purchase | ||
Faculty
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
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Mon, Mar 17, 2025 - 10:00am to 01:40pm EDT
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Fri, Apr 04, 2025 - 02:00pm to 05:40pm EDT
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Sat, Apr 19, 2025 - 10:00am to 01:40pm EDT
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Tue, May 06, 2025 - 02:00pm to 05:40pm EDT
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Thu, May 29, 2025 - 10:00am to 01:40pm EDT
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Thu, Jun 05, 2025 - 06:00pm to 09:40pm EDT
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Mon, Jun 16, 2025 - 10:00am to 01:40pm EDT
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Thu, Jun 26, 2025 - 02:00pm to 05:40pm EDT
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Mon, Jul 07, 2025 - 10:00am to 01:40pm EDT
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Sat, Jul 26, 2025 - 02:00pm to 05:40pm EDT
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Wed, Aug 06, 2025 - 10:00am to 01:40pm EDT
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Mon, Aug 18, 2025 - 02:00pm to 05:40pm EDT
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Thu, Sep 11, 2025 - 06:00pm to 09:40pm EDT
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Fri, Sep 26, 2025 - 02:00pm to 05:40pm EDT
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Thu, Oct 09, 2025 - 10:00am to 01:40pm EDT
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Wed, Oct 22, 2025 - 02:00pm to 05:40pm EDT
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Fri, Nov 07, 2025 - 10:00am to 01:40pm EST
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Thu, Nov 20, 2025 - 02:00pm to 05:40pm EST
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Wed, Dec 03, 2025 - 10:00am to 01:40pm EST
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Thu, Dec 11, 2025 - 06:00pm to 09:40pm EST
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Sat, Dec 20, 2025 - 10:00am to 01:40pm EST
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Wed, Jan 14, 2026 - 02:00pm to 05:40pm EST
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Thu, Jan 22, 2026 - 10:00am to 01:40pm EST
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Tue, Feb 03, 2026 - 02:00pm to 05:40pm EST
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Sat, Feb 14, 2026 - 10:00am to 01:40pm EST
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Tue, Mar 03, 2026 - 06:00pm to 09:40pm EST
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Tue, Mar 17, 2026 - 10:00am to 01:40pm EDT
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Wed, Apr 08, 2026 - 02:00pm to 05:40pm EDT
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Fri, Apr 17, 2026 - 10:00am to 01:40pm EDT
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Additional Info
Basic Course Information
Prerequisites Prior experience with Topic 842Advanced Preparation None
Designed For
Accounting Professionals
Original Recording Date 02/2025
Yellow Book Yes
Course Developer Galasso Learning Solutions
Date Added to Catalog 2/2025
Additional Information
Complaint Resolution PolicyPlease 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.