BEACH RETREAT: The Bottom Line on the New Lease Accounting Requirements

Description

How do the leasing requirements in the new standard differ from current GAAP? This course addresses that question by focusing on the basic core principles of the new standard. Discussion includes basic identification, recognition, measurement, presentation and disclosure requirements. Case study exercises are included to illustrate application of the new standard. This course discusses the lessee accounting model, including lease classification, amortization of the right-of-use asset, and interest on the lease liability. This course also discusses the lessor accounting model, including profit recognition and collectability.

Learning Objectives
  1. Upon completion of this course, you will be able to:
  2. Differentiate between requirements under the current and new leases standards.
  3. Compare current lease recognition and measurement requirements to those of the new leases standard.
  4. Identify presentation and disclosure requirements of the new leases standard.
Major Topics
  1. Lease classification
  2. Amortization of the lease asset
  3. Derecognition of the underlying asset
  4. Recognition of lease receivables
Provider
AICPA
Course Level
Intermediate
Professional Area of Focus
Accounting & Auditing
Business & Industry
CPE Field of Study
Accounting
4
Who Should Attend
Accountants in practice and industry
Instructor(s)
Rachel Plumley
Prerequisites
Experience in application of accounting standards
Location

Clarion Resort Fontainebleau Hotel, 10100 Coastal Hwy, Ocean City, MD 21842, United States

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When
Jun 28, 2017
12:00 pm - 3:30 pm
Location
Clarion Resort Fontainebleau Hotel, 10100 Coastal Hwy, Ocean City, MD 21842, United States
Total CPE Credits
4
Format
In-Person
Instructor
Rachel Plumley

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BEACH RETREAT: The Bottom Line on the New Lease Accounting Requirements


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