ASC 842 reshaped lease accounting’but technical compliance alone is not enough. In this course, Bill Harter brings lease accounting into practical focus, exploring how to identify a lease, measure right-of-use assets and liabilities, and navigate remeasurements, modifications, and classification changes. Participants will also examine common implementation pitfalls and process breakdowns, gaining actionable insights to strengthen controls, improve cross-functional coordination, and maintain precision in real-world lease accounting.
Learning Objectives
• Identify the criteria for determining whether a contract contains a lease under ASC 842.
• Recognize key measurement principles for right-of-use assets and lease liabilities, including present value and classification considerations.
• Identify common remeasurement triggers, modifications, and impairment issues in lease accounting.
• Recall practical process controls and communication practices that reduce risk in lease administration and accounting.
