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Technical

Leases: Mastering the New FASB Requirements Logo aicpa

  $279.00 - 349.00 |   15 Nov 2019 |   09:00-17:00 |   CPE: 8.0 |   AICPA |   Accounting |   AICPA Store
Who Will Benefit?
  • Accountants in practice and industry
Key Topics
  • 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
Learning Objectives
  • Identify a lease under the new leases standard.
  • Apply the recognition and measurement requirements.
  • Identify presentation and disclosure requirements.

Dive into the core principles.

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.

What you can expect

Experience hands-on learning with journal entry examples that show you the applications of the new standard. 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

Prefer to learn at your own pace? Check out our self-study course: Leases: Mastering the New FASB Requirements

Important Information on Your CPE Credit

Topics covered:
  • Financial accounting & reporting: Technical: FASB financial accounting & reporting: Leases, Intermediate

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