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New Lease Accounting Rules and their Impact on Valuation

Description

With the publication of Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842), FASB made significant changes to how leases are recognized on a company’s financial statements. The most notable change is the new requirement for operating leases to be presented as a ‘right of use’ asset and a lease liability. In this webcast we will discuss the impact of this change on estimating business enterprise values (BEV), weighted average cost of capital, and the impact of this change on impairment testing. Learn the steps to recognize a new lease, determine the appropriate discount rates, and the financial statement impact. Additionally, we will review how the current lease guidance may impact their own valuation engagements and the important differences between ASC 842 and IFRS 16 standards.

Learning Objectives

• Recall key aspects of ASC 842 and IFRS 16 and identify their impact on business valuation • Properly assess the impact of these standards on our engagements • Recognize the impact of leases on impairment tests

Provider
AICPA
Course Level
Basic
Professional Area of Focus
Accounting & Auditing
CPE Field of Study
Accounting
1.5
Who Should Attend

• CPAs and valuation specialists who perform fair value measurements for financial reporting purposes • Controllers and senior financial professionals • Emerging valuation professionals

Instructor(s)
Maryellen Galuchie Brad Edwards
Prerequisites

none

Advanced Preparation

None

Location
Online
Event Information
When
Dec 8, 2020
1:00 pm - 2:15 pm EDT
Location
Online
Total CPE Credits
1.5
Format
Webcast Replay

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New Lease Accounting Rules and their Impact on Valuation


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