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Leases: Mastering the New FASB Requirements (On-Demand) 2020v2

Description

FASB ASC 842 requires organizations to recognize lease assets and liabilities on the balance sheet and to disclose key information about lease arrangements. This self-study course provides an in-depth look at the new leases standard, FASB ASC 842, covering identification, recognition, measurement, and presentation and disclosure requirements.

Both the lessee and lessor accounting models, as well as short-term leases, purchase options, variable lease payments, and sale and leaseback transactions are addressed. Also included is a chapter that examines the differences between FASB ASU No. 2016-02 and IFRS 16. This course features examples that include journal entries and lease amortization schedules to illustrate a lessee’s accounting for finance and operating leases, as well as lease modifications.

Format: Slides, No Audio

Learning Objectives
  • Identify a lease under the new leases standard.
  • Identify recognition and measurement requirements of the new leases standard.
  • Identify presentation and disclosure requirements of the new leases standard.
  • Prepare journal entries
Major Topics
  • Lease classification
  • Amortization of the lease asset
  • De-recognition of the underlying asset
  • Recognition of lease receivables
Provider
AICPA - Durham
Course Level
Intermediate
CPE Field of Study
Accounting
9
Who Should Attend

Accountants in practice and industry

Instructor(s)
Daryl Krause
Purchase Now
When
Available 24/7
Location
Online
Total CPE Credits
9
Format
On-Demand

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$195.00
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Leases: Mastering the New FASB Requirements (On-Demand) 2020v2


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