New Lease Accounting

The new US GAAP lease accounting standards fundamentally changes the rules that govern accounting and reporting for almost all leases, including property, plant and equipment leases.

This two-day seminar will cover major areas of change from the prior leasing standard, and explain the new standard, its logic, its implications, and the problem areas that concern the constituents. Participants will gain an understanding of the complexities of the new standard as well as how to apply it effectively in their own organizations.


In conjunction with your registration, participants will automatically be enrolled into Leases Identification, Components, and Key Concepts (Topic 842). The completion of this complimentary, CPE-eligible self-study will allow for all participants to attend the course with equivalent advance knowledge.

In addition, registrants of New Lease Accounting will receive a 50% discount on the remaining courses within the Leases (Topic 842) web-based training series. Instructions for redeeming this offer will be provided in the registration confirmation email that you will receive upon registering for the course.

6/6-6/7/2019 Chicago
8/26-8/27/2019 Denver
CPE Credit:
$1,895 **

Venue and Hotel Details


Four types of accounting for contractual commitments for property, plant, and equipment
  • Commitments that stay off the balance sheet
    • Contracts that are not leases
    • Short-term contracts
  • Commitments that are on balance sheet
    • Operating leases
    • Finance leases
  • Lessor accounting
    • Interaction with revenue recognition rules
    • Elimination of the distinction between real estate leases and other leases
    • Elimination of leveraged leases
  • Detailed topics
    • Allocating consideration to lease and non-lease components
    • Lease payments
    • Discount rate
    • Lease term
    • Impairments of right of use asset
    • Modifications
    • Subleases
    • Sale-leaseback accounting
    • Build-to-suit leases
    • Real estate leases
    • Policy elections
    • Effective date and transition approach
    • Disclosures

Program Details

Prerequisite:  None
Preparation:   None
Level of Knowledge:   Intermediate
Field of Study:   Accounting
Delivery Method:   Group Live, Instructor-Led Course

Course Leader

Dan Gode, Co-founder, Almaris E-Learning Systems.

Course Testimonials

"Dan did a wonderful job explaining the various areas of accounting in great detail and answering questions. He effectively conveyed his passion and broad knowledge in this area. Overall, this seminar was very informative and value adding." - External Reporting & Research Manager, Public Electricity Transmission Company

* Discounts cannot be combined and must be applied at time of initial registration.

** Tuition price includes daily breakfast, lunch, and morning and afternoon refreshments.

If you have previously attended this course, you may not be eligible for CPE credits. Please contact KPMG Executive Education to confirm your eligibility.