Leases: Miscellaneous Topics

Tuesday, September 28, 2021
Webcast or Webinar, Online
2:00 PM - 4:00 PM (opens at 1:30 PM) EST
2Credits
Accounting and Auditing

Registration is 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.

Members
$79.00 Regular Price
Non-Members
$109.00 Regular Price
Course Type: Webcast
Course Code: 21/34996753
Level: Overview
Vendor: California CPA Education Foundation
Field of Study: Accounting

Overview:

The last of a three-course series focused on ASC 842, Leases. Leasing is popular among companies for needs, including office space and equipment. This course addresses leasing from a lessor's perspective and the effective date and transition for both the lessor and lessee. Excerpts from public company disclosures will also be reviewed. Attendees should be familiar with the content from the first course, Leases: Is It a Lease?, and the second course, Leases: Lessees. ASC 842 Leases is now effective for most publicly traded entities. Private companies and nonprofit entities should be prepared as the effective date for annual reporting periods beginning after December 15, 2021. Early application is also permitted. Prepare your clients and entities for adoption.

Objectives:

Recognize the lease at commencement under sales-type, direct financing, and operating leases, from the perspective of a lessor. Calculate the subsequent measurement under sales-type, direct financing, and operating leases, from the perspective of a lessor. Describe the presentation of the leases in the financial statements. Identify the effective date for public and nonpublic entities. Describe the transition requirements for both lessees and lessors. Review excerpts from a selection of public companies' lease disclosures.

Major Topics:

FASB ASC 842 Leases and All recently released updates to ASC 842 Leases

Designed For:

CPAs, auditors, consultants, and financial and management professionals.

Prerequisite:

Leases: Is It a Lease? and Leases: Lessee.