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Lease Incentives Under ASC 842

LEASE INCENTIVES UNDER ASC 842

Cost Free
Presentation Length 1.0 hour

Recorded DateJuly 14, 2020
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAccounting
Course LevelBasic
Course Description

Lease accounting experts Justin Shemaria, CPA, and David Buchanan, CPA will discuss lease incentives and their effect on consideration in a contract under ASC 842. They will also discuss leasehold improvements as one of the most common lease incentives seen in practice. The presentation will include step-by-step examples of accounting for lease incentives paid at commencement and payable at commencement.  
 
Learning Objectives:


  • Identify lease incentives and their effect on consideration in a contract

  • Explore whether a leasehold improvement represents a lessor asset or a lessee asset

  • Understand accounting treatment of lease incentives paid at commencement of lease agreement

  • Understand accounting treatment of lease incentives payable at commencement of lease agreement

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Justin Shemaria, CPA

LeaseQuery, LLC
Technical Accounting Manager
justin.shemaria@leasequery.com
(800) 880-7270

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Justin Shemaria is a Technical Accounting Manager at LeaseQuery. Prior to joining LeaseQuery, Justin worked in the audit practice at Deloitte and also worked in financial reporting at a publicly-traded fortune 500 company. Justin received in Bachelor's and Master's degree in Accounting from the University of Georgia. He is an active Certified Public Accountant and is a member of the AICPA.

Linkedin

David Buchanan, CPA

LeaseQuery, LLC
Technical Accounting Manager
david.buchanan@leasequery.com
(800) 880-7270

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David Buchanan is a CPA and Technical Accounting Manager at LeaseQuery. Prior to joining LeaseQuery, David worked in the audit practice at Ernst & Young across several industries including insurance, healthcare, biomedical, and manufacturing. David received his Bachelor's degree in Accounting from California State University Northridge and Master's degree in Accounting with an emphasis in Information Systems from the University of Tennessee.  

About Our Presenter

Leasequerylogo

LeaseQuery helps more than 10,000 accountants and other finance professionals eliminate lease accounting errors through its CPA-approved lease accounting software. It is the first lease accounting software built by accountants for accountants. By providing specialized consulting services in addition to its software solution, LeaseQuery facilitates compliance with the most comprehensive regulatory reform in 40 years for companies across all sectors. For more information about LeaseQuery, visit LeaseQuery.com.