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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 Hour


Tag: Accounting


This course offers an in-depth look at the new 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.

Key Topics:
Topic 842

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

Basic Course Information

Learning Objectives
  • Define a lease uner the new leases standard

  • Apply recognistion and measurement requirements of the new leases standard 

  • Describe the presentation and disclosure reuirements of the new leases standard

  • Prepare journal entries necessary to account for leases as both a lessee and a lessor

Major Subjects
  • Accounting
  • New leases standard (ASC 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.


Additional Info

Basic Course Information

Advanced Preparation


Designed For

Professionals in the accounting industry.

Original Recording Date


Yellow Book


Course Developer

Galasso Learning Solutions

Date Added to Catalog



Prior Experience with Topic 842



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:      4.6

Total Reviews: 158


Peter S

" "

Angela K

"I liked the speaker a lot and they were very knowledgable."

Clinton C

" "

Lacy G - Chattanooga, Tennessee

"Melisa was a great presenter, and I will actively seek out learning opportunities with her in the future."

Meradee J

"The journal entries were very helpful. Also calculating the tables was helpful."

Vicki N

"I really appreciate the examples she had along with explaining them."

Joseph C

" "

Kenneth B

"A very good class!"

Kelsey P

"The personal stories were fun and engaging. FANTASTIC - the most helpful/useful CPE I've had in some time! Thank you!!"

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