Mobile Edition


Leases: Mastering the New FASB Requirements (AILMNF01)

 
Date:Friday, April 20, 2018
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
Vendor:AICPA
Course Level:Intermediate
Early Bird Price:$249.00 FICPA Members, $319.00 Non-Members

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.



Objectives:

LEARNING OBJECTIVES When you complete this webcast 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.



Major Topics:

TOPICS DISCUSSED

Lease classification.

Amortization of the lease asset.

Derecognition of the underlying asset.

Recognition of lease receivables.



Who Should Attend:
Accountants in practice and industry

Prerequisite:
Experience in application of accounting standards

Session/Options

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

Registration Status: OPEN