The Bottom Line on the New Lease Accounting Requirements
Available Anytime
Location:
Online
6Credits
Accounting and Auditing
Registration is Open
FICPA Members
Nonmembers
$165.00 Regular Price
Product Code: AI23-CL4LEAS
Level: Intermediate
Vendor: AICPA CPE Division
Field of Study: Accounting
Overview:
Addressing the basics of the new major standard
Which leases are within the scope of FASB ASC 842, Leases and what are the basic accounting, financial reporting and disclosure requirements? This webcast answers those questions and more. Case study exercises are included to illustrate how to apply the standard.
You will also learn about:
- The lessee accounting model, including lease classification
- Amortization of the right-of-use asset
- Interest on the lease liability
- The lessor accounting model, including profit recognition and collectability
Objectives:
Learning Outcomes
- Recognize arrangements which meet the scope requirements for lease accounting under FASB ASC 842
- Recognize lessee accounting requirements for operating leases and finance leases under FASB ASC 842
- Recognize lessor accounting requirements for sales-type, direct financing and operating leases under FASB ASC 842
- Recognize presentation requirements for lessees and lessors under FASB ASC 842
- Recognize business factors to consider when implementing FASB ASC 842
Major Topics:
Key Topics
- Lease classification
- Amortization of the lease asset
- Derecognition of the underlying asset
- Recognition of lease receivables
Designed For:
Who Will Benefit
- Accountants and finance professionals