21WI-0286: The Bottom Line on the New Lease Accounting Requirements (Webinar)
If you have questions about this event, please call us at 952-831-2707.
Tuesday, August 3, 2021
8:00am - 12:00pm Central Time
4 CPE (4 technical)
Which leases are within the scope of FASB ASC 842, Leases and what are the basic accounting, financial re-porting and disclosure requirements? This course addresses those questions by focusing on the basic core prin-ciples of this new major standard. Discussion includes basic identification, recognition, measurement, presen-tation and disclosure requirements. Case study exercises are included to illustrate application of the standard. This course discusses the lessee accounting model, including lease classification, amortization of the right-of-use asset, and interest on the lease liability. This course also discusses the lessor accounting model, including profit recognition and collectability.
Major subjects
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Lease classification
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Amortization of the lease asset
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Derecognition of the underlying asset
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Recognition of lease receivables
Learning objective(s)
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· Recognize arrangements which meet the scope requirements for lease accounting under FASB ASC 842 · Recognize lessee accounting requirements for operating leases and finance leases under FASB ASC 842 ·Recognize lessor accounting requirements for sales-type, direct financing and operating leases under FASB ASC 842 ·Recognize presentation requirements for lessees and lessors under FASB ASC 842 · Recognize business factors to consider when implementing FASB ASC 842
Who should take this program?
Accountants in practice and industry
Fees
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nonmember.
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$219.00
(Standard Nonmember Fee).
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Standard Member Fee |
$179.00
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Standard Nonmember Fee |
$219.00
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