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Live Webcast Replay

Topic 842 – Implementing Leases Workshop

Total Credits: 4 including 4 Accounting - Technical

Average Rating:
Accounting and Auditing |  ACPEN Industry Institute
Melisa F. Galasso
Course Levels:
4 Hours
Product Setting: Expires 30 day(s) after program date.

Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


This updated course offers an in-depth look at the FASB leases standard (ASC 842), which requires organizations to recognize lease assets and liabilities on the balance sheet. This comprehensive course will cover recognition, measurement, presentation and disclosure requirements, while also focusing on a key area of change which is proper identification of a lease using a principles-based approach. We will discuss implementation requirements from both the lessee and lessor accounting models. In addition, we explore a variety of scenarios including short-term leases, purchase options, variable lease payments, and remeasurement. This course offers practical journal entry examples, lessons learned from implementation, and explores recently issued amendments to the lease accounting guidance.

Basic Course Information

Learning Objectives
  • Define a lease under the new leases standard
  • Apply recognition and measurement requirements of the new leases standard
  • Describe the presentation and disclosure requirements of the new leases standard
  • Prepare journal entries necessary to account for leases as both a lessee and lessor


Major Subjects
  • Leases
  • Topic 842

Course Materials


Melisa F. Galasso's Profile

Melisa F. Galasso Related Seminars and Products

Founder and CEO

Galasso Learning Solutions LLC

Melisa Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with nearly 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical acconting and auditing topics, including not-for-profit and governmental accounting. She also supports essential professional development, audit level training, and train the trainer efforts. Melisa is a Certified Professional in Talent Development (CPTD) and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers. Within the industry, Melisa serves on the FASB’s Not-for-Profit Advisory Committee (NAC), AICPA Council, and the VSCPA’s Board of Directors. She previously served on the AICPA’s Technical Issues Committee (TIC) and is a past-Chair of the NCACPA’s A&A committee. Melisa also authors the AICPA’s State and Local Government Guide and serves as a SME for the Center for Plain English Accounting.



Sat, Mar 09, 2024 - 09:00am to 12:42pm MST
Wed, Mar 13, 2024 - 12:00pm to 03:42pm MDT
Fri, Mar 22, 2024 - 08:00am to 11:42am MDT
Tue, Apr 09, 2024 - 10:00am to 01:42pm MDT
Wed, Apr 24, 2024 - 12:00pm to 03:42pm MDT

Additional Info

Basic Course Information


Prior experience with accounting for leases

Advanced Preparation


Designed For

Ideal for accountants in public practice and industry

Original Recording Date


Course Developer

Galasso Learning Solutions LLC

Date Added to Catalog


Yellow Book No

Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints., (972-377-8199). 

Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

Instructional Delivery Method

Group Internet Based

Course Registration Requirements

Online Registration

Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 



Overall:      4.7

Total Reviews: 186


Steven D - Fort Myers, Florida

"Excellent presenter"

Jessica U

"Very interesting course since ASC 842 is a new accounting standard."

Julian C

"Excellent presentation."

Steven R

"Very knowledgeable and good presenter"

Anthony G

"Excellent presentation with nice examples that we could work through"

Sara B

"Very useful course with a lot of relevant information. Instructor is great and explains in detail. "

Thomas M - Louisiana

" "

Thomas F

"I was extremely impressed with Melissa. She really did explain this topic very well. I feel more confident as an auditor."

Kimberly O

"Melissa was great. The workshop set-up helped in understanding the concept. "

Jeffrey K

"Great course."