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Lease Accounting Policy Decisions for ASC 842 | CoStar

Presented by CoStar and Financial Executives International
 1 CPE Credit Accounting

ASC 842 is already in effect for public companies, but non-public companies are now focused on compliance efforts with their deadline looming at the end of 2021.  Setting lease accounting policies upfront is a key step in the compliance process. Some public companies have already changed policies since initial adoption.  We will discuss what non-public companies can learn from them.  Making the right lease accounting policy decisions upfront sets the stage for smooth ASC 842 compliance.
 
5 major learning points:
  • Utilizing practical expedients offered by ASC 842 to make adoption easier
  • Combining or separating lease and non-lease components
  • Collecting discount rates and fair market values to apply to lease accounting calculations
  • Applying materiality thresholds
  • Establishing and maintaining internal controls



Questions? Contact FEI's Professional Development Department at conf@financialexecutives.org or 973.765.1029

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Speakers

Matt Waters

Director
CoStar

Credits

1.00 CPE
Basic

Method

group-internet-based

Field

Accounting, Technical

Prerequisites

None

National Registry of CPE SponsorsFinancial Executives International (FEI) 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 the 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.

For FEI CPE credits, one credit hour equals 50 minutes according to NASBA guidelines. Some states boards may differ on how many minutes constitute a credit hour. Contact your state board for more information. For more information regarding administrative policies such as complaint and refund, please contact our offices at 973.765.1029.