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21WS-0593: Surgent's Lease Accounting: The Impact of Changing Standards on Both Lessors and Lessees (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Monday, September 13, 2021
9:00am - 11:00am Central Time
2 CPE (2 technical)

Alternate dates & more options

The effective date for ASU 2016-02, Leases (Topic 842) is next year. The new standard eliminates one of the largest forms of off-balance sheet accounting and requires most leases to be brought onto the balance sheet (whether classified as a financing or operating lease). The new guidance in ASC 842 also mandates other changes in lease accounting for both lessees and lessors. This course will discuss the impact of these changing standards on both parties and will discuss recently issued or proposed updates to ASC 842. As 2022 will be here before you know it, now is the time to get up to date on all that is going on with regard to lease accounting.

Major subjects

  • Outcomes of the recent FASB and IASB Joint Project related to Leases
  • Differentiating between accounting and reporting requirements for operating and finance leases
  • Evaluating possible material misstatement related to lease recognition, measurement, presentation and disclosure

Learning objective(s)

  • Identify finance lease transactions, including both lessor and lessee perspectives
  • Understand the proper accounting and financial reporting treatment for operating and finance leases
  • Describe how lessor accounting is influenced by revenue recognition and measurement concepts
  • Explain important transition issues from the current to new standards

Who should take this program?

Practicing CPAs and accounting professionals in business and industry that prepare and review or audit financial statements

Fees

Our records indicate you are a nonmember. If you register, you will be charged $89.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $89.00
checkmark Standard Nonmember Fee $89.00

More program information

Instructor Richard Daisley, CPA
Location Online
Area
of study
Accounting & audit
Field(s)
of study
Accounting - Technical (2.0)
Level Basic
Format Group Internet Based
Sponsor Surgent
NASBA ID#: 103212
Prerequisites Prereq. Basic understanding of U.S. generally accepted accounting principles
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

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If you have questions about this event, please call us at 952-831-2707.