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21WI-0778: 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, February 8, 2022
8:00am - 12:00pm Central Time
4 CPE (4 technical)

Alternate dates & more options

  • Tuesday, April 23, 2024 - Webinar

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

  • Lease classification
  • Amortization of the lease asset
  • Derecognition of the underlying asset
  • Recognition of lease receivables

Learning objective(s)

  • · 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

Our records indicate you are a nonmember. If you register, you will be charged $219.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $179.00
checkmark Standard Nonmember Fee $219.00

More program information

Instructor Daryl Krause, CPA
Location Online
Area
of study
Accounting & audit
Field(s)
of study
Accounting - Technical (4.0)
Level Intermediate
Format Group Internet Based
Sponsor AICPA
NASBA ID#: 112891
Prerequisites Prereq. Experience in application of accounting standards
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.