New Lease Accounting Standard: How Ready Are You?

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Overview

8.0 Credits
IN-PERSON

The new lease accounting standard will cause radical changes to lessor and lessee financial reporting, including balance sheet reporting for many lease arrangements under U.S. GAAP. 
 
This course includes a review of the five step model required by the new standard, as well as, the most recent industry implementation guidance issued by the FASB and AICPA. The standard also includes greatly expanded disclosure requirements so the course includes a review of examples of the note disclosures.

Objectives

When you complete this course, you will be able to:
  • Discuss the fundamentals of the new FASB lease accounting standard
  • Review potential implementation issues, including discussion of latest FASB implementation guidance
  • Assess the effects of the new standard on your company or clients

Major Topics

Topics of discussion will include:
  • Recognition of lease receivables
  • Lease classifications
  • Lease assets

Designed For

Financial reporting and other professionals who are involved in lease accounting, review such accounting, or need to understand how lease accounting affects their financial reporting.

Prerequisite

Knowledge of existing accounting standards for lease accounting

Advanced Preparation

None
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Classroom: DOUGLAS
 
FICPA EZMaterials! Paper manuals will not be provided at this session, you’ll need to download the EZMaterials as searchable PDFs to your laptop, tablet or other device before the event.
 
For more information feel free to call the FICPA Member Service Center at 800-342-3197 or 850-224-2727.