Lease Accounting Standards Update: Are You Ready for ASC 842?

Are you ready to implement the new lease accounting standards, effective for most calendar year-end private companies on Jan. 1, 2022? With the deadline quickly approaching, it’s critical to be planning now.

Join a panel of KSM experts as they provide an overview of the requirements of Accounting Standards Codification (ASC) Topic 842, Leases, including identification, recognition, and measurement of leases and presentation and disclosure requirements. Examples will be included to illustrate application of the new standards. We will also provide an overview of the lease accounting software we are utilizing to help clients with their implementation of the new standards.

After your participation in this webinar, you will be able to:

• Identify differences between current and new lease accounting standards.
• Understand the revised definition of a lease and identify all leases within the scope of ASC 842.
• Apply the lease recognition and measurement requirements under the new standards.
• Identify presentation and disclosure requirements of the new standards.

KSM presenters will include:

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