Mobile Edition


Leases: Mastering the New FASB Requirements (AILMNF06)

 
Date:Wednesday, September 4, 2019
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:$279.00 FICPA Members, $349.00 Non-Members

Description:

We've been getting questions on how the leasing requirements in the new standard differ from current GAAP. In this webcast, we'll address your questions and concerns by examining the core principles of the new standard, including identification, recognition, measurement, presentation and disclosure requirements. We'll even cover the business context of implementing this new standard and identify key factors for managing such a significant change.



Objectives:

 Identify a lease under the new leases standard.

 Apply the recognition and measurement requirements.

 Identify presentation and disclosure requirements.



Major Topics:

You'll dig deeper into key topics:

 Lessee accounting model

 Amortization of the right-of-use asset

 Interest on the lease liability

 Lessor accounting model

 Transfer of risk

 Profit recognition

 Collectability

 Lease classification

 Derecognition of the underlying asset

 Recognition of lease receivables

 Sale and leaseback transactions

 Comparison of the requirements of U.S. GAAP and IFRS

 Private company considerations

 Short-term leases

 Purchase options

 Variable lease payments



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: 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.