US GAAP Leases (ASC842) Training
Transforming finance training
US GAAP Leases (ASC842) Training
Our practical US GAAP Leases (ASC842) Leases training course looks at one of the most controversial accounting standards in recent times. The impact of IFRS 16 Leases is considerable and reaches way beyond the finance function.
The fact that most leases will now be on balance sheet is well known. This course takes you further than that and explores real world issues coming out of adoption. Accounting challenges include capturing sufficient information, evidencing it for auditors and dealing with modifications and incentives (which will be much more prevalent due to Covid-19).
Wider concerns include considering devolution of budgets, performance metrics, bonus structures and potential impact on strategic decisions.
The potentially thorny risks of embedded leases is introduced on this course.
The initial preparation work may have already been done by specialist teams who focus on getting the formal accounts prepared. The focus now needs to move to embedding the changes throughout the organisation, and part of that will be the need to train and upskill accountants throughout the organisation (for example those working in FP&A or business partnering).
- All levels
- Technical and non technical roles
- Practice and Industry
Presumes already a little comfortable with US GAAP
Half day face to face
US GAAP Leases – Learning Outcomes
- Rationale for the accounting change
- An overview of the new framework for leases
- The definition of a lease
- Any exemptions available
- Practical exercises to aid understanding
- The commercial impact of the changes and a discussion around how these need to be managed
