Leases Series | CalCPA Education Foundation

Leasing is a popular form of capital investment for corporations, including everything from office space to equipment. The FASB has now released the Topic 842, Leases, a major rewrite of the leasing topic. ASC 842, Leases, is now effective for most publicly traded entities. Private companies and nonprofit entities should also prepare, as the effective date for nonpublic entities is annual reporting periods beginning after December 15, 2020. Early application is also permitted. Prepare your clients and companies for adoption.

Instructor: Bobbe Barnes, CPA, CPA, CGFM


Leases: Is it a Lease? (Topic 842-10)

Topics: This course, first in a three-part series, concentrates on ASC Topic 842, Leases. Leasing is popular among corporations, for needs including office space and equipment. Addresses the identification of a lease and the classification of the lease into the Operating or Finance categories for Lessees; and Sales-Type, Direct Financing, or Operating for Lessors.

Leases: Lessee (Topic 842-20)

Topics: This course, second of a three-part series, concentrates on Topic 842, Leases. Leasing is popular among corporations, for needs including office space and equipment. Addresses leasing from the perspective of a Lessee.

Leases: Lessor & Effective Date and Transition (Topic 842-30)

Topics:The last of a three-course series, focused on ASC 842, Leases. Leasing is popular among corporations, for needs including office space and equipment. Addresses leasing from the perspective of a lessor, and the effective date and transition for both the lessor and lessee. Public company disclosures will also be reviewed. Attendees should be familiar with content from the first course, Leases: Is It a Lease? and the second course, Leases: Lessees.