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Webinar (AICPA): Leases: Mastering the New FASB Requirements

Description

(headline) Do you know which leases are within the scope of FASB ASC 842, Leases and how to apply the new financial accounting, financial reporting and disclosure requirements of this new major standard?

This webcast addresses those questions by examining the core principles of the standard, including identification, recognition, measurement, presentation and disclosure requirements. Examples with journal entries are included to illustrate how to apply the standard.

Additionally, you will learn:

– The lessee accounting model, including lease classification, amortization of the right-of-use asset, and interest on the lease liability

– The lessor accounting model, including transfer of risk, profit recognition and collectability

– Short-term leases, purchase options, variable lease payments, and sale and leaseback transactions

– The business context of implementing the new standard by identifying key factors for managing this significant change

Learning Objectives

– Recognize arrangements which meet the scope requirements for lease accounting under FASB ASC 842

Major Topics

– Lease classification

Provider
AICPA - Durham
Course Level
Intermediate
CPE Field of Study
Accounting
8
Who Should Attend

Accountants and finance professionals

Prerequisites

Experience in application of accounting standards

Advanced Preparation

This webinar is produced by AICPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Location
Webinar
Event Information
When
Nov 10, 2022
8:30 am - 4:30 pm MDT
Location
Webinar
Total CPE Credits
8
Format
Webinar

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Webinar (AICPA): Leases: Mastering the New FASB Requirements


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