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CPE Mountain Retreat: The Bottom Line on the New Lease Accounting Requirements

Description

Which leases are within the scope of FASB ASC 842, Leases, and what are the
basic accounting, financial reporting and disclosure requirements? This course
addresses those questions by focusing on the basic core principles of this new
major standard. Discussion includes basic identification, recognition,
measurement, presentation and disclosure requirements. Case study exercises
are included to illustrate application of the standard.
This course discusses the lessee accounting model, including lease classification,
amortization of the right-of-use asset, and interest on the lease liability. This
course also discusses the lessor accounting model, including profit recognition
and collectability.

Learning Objectives

This course is intended to familiarize the learner with the key aspects of the new
leases standard, FASB ASC 842. When you complete this course you will be able
to:
• 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

• Lease classification
• Amortization of the lease asset
• Derecognition of the underlying asset
• Recognition of lease receivables

Provider
AICPA - Durham
Course Level
TBD
CPE Field of Study
Accounting
4
Who Should Attend

Accountants in practice and
industry

Instructor(s)
Bruce Shepard
Prerequisites

None

Advanced Preparation

None

Location
 
The Ridgeline Hotel Estes Park
101 S St Vrain Ave
Estes Park, CO 80517 US
View in Google Maps
Event Information
When
Jul 22, 2022
8:30 am - 12:30 pm MDT
Location
The Ridgeline Hotel Estes Park
101 S St Vrain Ave
Estes Park, CO 80517 US
Total CPE Credits
4
Format
In-Person

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$300.00

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$429.00
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CPE Mountain Retreat: The Bottom Line on the New Lease Accounting Requirements


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