Lease accounting has not been immune to recent global changes. While leases may not top your list of priorities, the current environment is affecting accounting standards such as lease modifications and terminations. Join BKD as we explain how to tackle lease modifications and additional ASC 840 fallout from COVID-19 and how they may affect your implementation of the new lease standard, ASC 842. We'll also share best practices we've gained from ASC 842 adoption, including pain points and lessons learned.
Upon completion of this program, participants will be able to:
- Recognize how to handle lease modifications and terminations
- Discuss updated effective dates for ASC 842
- Identify learning challenges and improvements from others who have adopted ASC 842