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Understanding Lease Modifications & Footnote Disclosures Under ASC 842
Click here to download a copy of the slide deck used during the presentation.
Gain insights into the accounting implications of lease modifications and the related disclosure requirements under ASC 842. In this video, presenters cover:
- 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?
This video also features 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.
