Mobile Edition

Leases: Mastering the New FASB Requirements (AILMNF09)

Date:Tuesday, December 12, 2017
Time:9:00 AM - 5:00 PM
(Registration at 8:30 AM)
Facility:Webcast or Webinar, Online
CPE Credit:8.0 Accounting and Auditing
Instructor: Daryl Krause
Course Level:Intermediate
Early Bird Price:$249.00 FICPA Members, $319.00 Non-Members

How do the leasing requirements in the new standard differ from current GAAP? This course 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 course explains the lessee accounting model, including lease classification, amortization of the right-of-use asset, and interest on the lease liability. This course 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. TOPICS DISCUSSED  Lease classification.  Amortization of the lease asset.  Derecognition of the underlying asset.  Recognition of lease receivables.

When you complete this course you will be able to:  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.

Who Should Attend:
Accountants in practice and industry

Experience in application of accounting standards


If listed below, select the appropriate sessions or options to continue with your purchase.

Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.