Surgent's What in the FASB Were They Thinking! Not-for-Profits and Leases - On-Demand Webcast
May 1st, 2024 - April 30th, 2025 @ -
| Member Price | $49 |
| Non-Member Price | $79 |
| If you are a member, please login to activate member pricing. | |
Credits
1Description
Not-for-profits enter into leases for many types of assets. This course is designed to help you understand the core components of not-for-profit lessee accounting under FASB ASC 842, Leases. You will learn the important definitions involved, the key decision points involved in applying the standard, and how to think through those decision points.Objectives
- Skillfully prepare for the implementation of FASB ASC 842
- Become comfortable with the application of FASB ASC 842 in the not-for-profit environment
Major Subjects
- Evaluating whether a contract meets the definition of a lease
- Properly calculating the lease term
- Determinations and decisions to be made with regard to short-term leases
- Distinguishing operating leases from finance leases