Leases: Mastering the New FASB Requirements

Description

How do the leasing requirements in the new standard differ from current GAAP? This webcast addresses that question by examining the core principles of the new standard, including identification, recognition, measurement, presentation and disclosure requirements. Examples are included to illustrate application of the new standard. This webcast explains the lessee accounting model, including lease classification, amortization of the right-of-use asset, and interest on the lease liability. This webcast also explains the lessor accounting model, including transfer of risk, profit recognition, and collectability. Additional topics include short-term leases, purchase options, variable lease payments, and sale and leaseback transactions.

Learning Objectives
  1. Identify a lease under the new leases standard~
  2. Identify recognition and measurement requirements of the new leases standard~
  3. 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
8
Who Should Attend
Accountants in practice and industry
Instructor(s)
Daryl Krause
Prerequisites
Experience in application of accounting standards
Location
Online Course
Register Now
When
Mar 23, 2018
9:00 am - 5:00 pm
Total CPE Credits
8
Format
Webcast
Instructor
Daryl Krause

MEMBER


$ (% off)
$249.00

NON-MEMBER


$ (% off)
$319.00
Become a Member

Register for this Event

Leases: Mastering the New FASB Requirements


Loading