Implementing FASB’s New Lease Standard: ASU 2016-02 Accounting for Leases- Examples and Practical Approaches

Date: January 10, 2018 Time: 10:00 am - 2:00 pm EST Location: Online CPE: 4 Format: Webcast
EVENT DESCRIPTION

The recently issued lease standard represents a radical departure from previous lease guidance. Many financial statements will recognize potentially significant assets and liabilities for the first time,. The impact will be uneven depending on the business and the reaction of their creditors. This course aims to guide participants in understanding how the new standard will affect their company or clients and the practical implementation strategies which might ease the burden of transition

LEARNING OBJECTIVES
Identify how the transition from operating leases to capitalization will affect companies of all sizes
Explain the fundamental principles of the right to use model for capitalizing leases
Distinguish which lease contracts are scoped into and out of the standard.
Recognize how the balance sheet treatment of leases will alter financial statement numbers, ratios, and loan covenants
Identify the right of use, present value model for capitalizing leases
Review the transition and disclosure implications of the new standard
MAJOR TOPICS
What was wrong with lease accounting?
The asset-liability approach to leases and its effect on the balance sheet
The effect of lease changes on covenants and likely lender reaction
Implementing the right of use, approach model for lessees and lessors
Renewal, termination and other lease specific issues
Implementation and transition considerations
EVENT DETAILS
PROFESSIONAL AREAS OF FOCUS
Accounting & Auditing
CPE FIELD OF STUDY
Accounting (2 Credits) Auditing (2 Credits)
INSTRUCTOR(S)
Ray Thompson
PREREQUISITES
Prior learning or experience in lease accounting
COURSE LEVEL
Update
LOCATION
Online Webcast
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