to receive member fee.
This new CPE course provides you with an in-depth examination of the new standard, including identification, recognition, measurement, presentation, and disclosure requirements. The course addresses both the lessee and lessor accounting models with examples to illustrate application of the new standard. For the lessee accounting model, the course explores lease classification, amortization of the right-of-use asset, and interest on the lease liability. For the lessor accounting model, the course explores transfer of risk, profit recognition, and collectibility.
The course also covers short-term leases, purchase options, and variable lease payments, as well as sale and leaseback transactions. Plus, given the significant differences between ASU 2016-02 and IFRS 16, Leases, the course includes a chapter that examines the differences between the two standards.