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Leases Before and After New U.S. GAAP: Case Studies of the Impact of Applying Changes in Lease Accounting and Financial Reporting

Description

The proper treatment of leases in the financial statements can already be very complex and confusing, and now lease treatment is changing with ASU 2016-02.  This course will take an illustrative example approach to clearly demonstrate the impact of changing accounting and financial reporting requirements under U.S. GAAP under ASC Topic 842.

Learning Objectives
  • Identify a lease under the new leases standard.
  • Identify recognition and measurement requirements 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
  • Lease Modifications
  • Sale and leaseback transactions
  • Presentation, disclosure, and transition requirements
  • Comparison of the requirements of U.S. GAAP and IFRS
  • Private company consideration
  • The business context for implementing the new standard
Provider
Business Learning Institute
Course Level
Basic
CPE Field of Study
Accounting
4
Who Should Attend

Accountants in practice and industry

Instructor(s)
Jennifer Louis
Prerequisites

Experience in the application of accounting standards

Advanced Preparation

None

Location
LIVE- ONLINE WEBCAST
Event Information
When
Oct 8, 2020
8:00 am - 11:30 am EDT
Location
LIVE- ONLINE WEBCAST
Total CPE Credits
4
Format
Live Webcast

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Leases Before and After New U.S. GAAP: Case Studies of the Impact of Applying Changes in Lease Accounting and Financial Reporting


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