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21WA-3663: FASB's New Lease Accounting Standard (Webinar)

Date Thursday, December 16, 2021
Time 2:00pm - 6:00pm
Central Time
Location Online
CPE credits CPE 4.2
Field(s)
of study
Accounting - Technical (4.2)
Instructor Douglas Van Der Aa, CPA, JD
Van Der Aa Tax Ed, LLC
Fees
Standard Member Fee $129.00
Standard Nonmember Fee $129.00
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Description

It's a whole new world for lessees under ASC topic 842. Soon nearly all leases will need to be disclosed as a liability on the balance sheet--from buildings right down to autos and copiers. Although the greatest impact will be on large entities, this will affect the financial statements of small- and mid-sized entities as well. This program will dive into the new standard on leases and address what you need to know now. (Note: FASB has proposed delaying the effective date for private companies.)

Who should take this program?

Practitioners and members in industry seeking a better understanding of the new lease accounting rules.

Major subjects

  • Review of accounting standard 2016-02
  • What is a lease?
  • Recognition and measurement of lease assets and liabilities
  • Impact on Lessors and Lessees
  • Disclosures and transition rules

Learning objective(s)

  • Apply the new financial accounting concepts of leases
  • Gain a working knowledge of accounting rules as they relate to leases
  • Discuss planning and potential pitfalls

Notes:

Course code Code 21WA-3663
Sponsor Business Professionals' Network, Inc.
NASBA ID#: 107810
Level Basic
Format Group Internet Based
Prerequisites Prereq. None
Advance
prep
None
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