Upsizing, Downsizing, and Rightsizing: Lease Considerations in Times of Change
Course Description:
Key business shifts—such as return-to-office mandates, work-from-home policies, talent acquisition, workforce reduction, business expansion, and funding cuts—can influence your organization’s lease requirements. In this session, we will discuss the accounting implications of a changing footprint, including the evaluation of lease modifications under ASC 842, Leases, and other essential considerations when downsizing or upsizing your leased space.
Learning Objectives:
Understand the general guidance regarding lease modifications, including when to account for a lease modification as a separate contract and when to remeasure a lease liability.
Identify accounting considerations when downsizing, including:
(a) Lease termination or reduction in leased space,
(b) Abandonment of leased space,
(c) Impact of becoming a sublessor,
(d) Recognizing right-of-use asset impairment, and
(e) Treatment of related leasehold improvements.
Identify accounting considerations when upsizing, including:
(a) Determining the commencement date or effective date,
(b) Treatment of incentives,
(c) Impact of becoming a sublessee, and
(d) Treatment of related leasehold improvements.
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Upsizing, Downsizing, and Rightsizing: Lease Considerations in Times of Change (NASBA/CAE/CPE Course Credit Information)
As a CAE Approved Provider educational program related to the CAE exam content outline, this program may be applied for CAE credits toward your CAE application or renewal of professional development requirements.
U.S Transactions Corp. 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: www.NASBARegistry.org.
In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.
(National Registry Sponsor Nr: 138278)
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