NOT2408. Leases: Beyond the Basics

This session covers some of the more complex aspects of applying the lease accounting guidance in ASC 842, including lease modifications, terminations, subleases, and impairment considerations. The session will use a series of case studies to introduce the topics and to explore how each topic should be considered.

Learning Objectives:

• Identify complexities that might arise in the application of ASC 842 to existing lease contracts.
• Recall how to account for modifications or terminations of lease contracts.
• Recognize how to assess lease assets for impairment.
• Determine how to account for in-kind contributions that impact lease accounting.