Among the challenges organizations face in implementing ASC 842 is accounting for lease modifications such as changes in lease terms or rent concessions and drafting the required financial statement disclosures under the new standard.
Join us for an upcoming webinar to gain insights into the accounting implications of lease modifications and the related disclosure requirements under ASC 842. We’ll discuss:
- What scenarios qualify as a lease modification? Understand the triggers and journal entry adjustments you need to be aware of when leases are modified.
- What accounting policy and election disclosures will you need to draft?
- What will you need to disclose about modifications to your financing and operating leases?
The webinar will also feature a demonstration from LeaseCrunch illustrating how to effectively account for a lease modification and provide an example of the disclosure tools built into the software. 1 CPE credit offered.