Lease Modifications: ASC 842 & COVID-19 Impact Webinar (1.5 Hours)


In the face of unprecedented and unpredictable financial strain, many companies are experiencing difficulties meeting their obligations under their existing lease arrangements. As a result, many lessees need to restructure their lease agreements with their lessors by agreeing to delay or lower lease payments, or by agreeing to a reduction in the right of use of the asset identified in the lease contract. This course will cover all of the accounting and reporting lease modifications in ASC 842, and how they are of vital importance during such unpredictable times.


Financial professionals serving lessees and lessors will gain a greater understanding of the changes in lease modification accounting brought about by ASC 842, and will be better equipped to handle the evolving demands of restructuring lease contracts.



  • COVID-19 impact
  • Accounting for lease modifications by lessee and lessor with examples
  • Accounting for ROU asset impairments
  • When to reassess discount rates, lease classification and lease liability obligations
  • Financial statement disclosures

Working understanding of ASC 842.


No advance preparation required.

Level of Knowledge: 


CPE Credit: 
NASBA Field of Study: