NOT2209. Leases (FASB ASU 2016-02) Overview

This session will provide an overview of the new lease accounting standard. It will describe the new requirements of the standard as well as practical expedients that exist. A deeper dive into lease accounting will be available in a second session, Leases deep dive.

Learning Objectives:

• Identify and discuss the key requirements of the new lease accounting standard.
• Recognize the impact of the new lease accounting standard.