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

Date: June 28, 2017 Time: 12:00 pm - 3:30 pm EST Location: Ocean City, MD CPE: 4 Format: In-Person
EVENT 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
Upon completion of this course, you will be able to:
Differentiate between requirements under the current and new leases standards.
Compare current lease recognition and measurement requirements to those of the new leases standard.
Identify presentation and disclosure requirements of the new leases standard.
MAJOR TOPICS
Lease classification
Amortization of the lease asset
Derecognition of the underlying asset
Recognition of lease receivables
EVENT DETAILS
PROFESSIONAL AREAS OF FOCUS
Accounting & Auditing Business & Industry
CPE FIELD OF STUDY
Accounting (4 Credits)
WHO SHOULD ATTEND
Accountants in practice and industry
INSTRUCTOR(S)
Rachel Plumley
PREREQUISITES
Experience in application of accounting standards
COURSE LEVEL
Intermediate
LOCATION
Clarion Resort Fontainebleau Hotel 10100 Coastal Hwy, Ocean City, MD 21842, USA
Loading