Webcast: Leases: Mastering the New FASB Requirements (XALEAS218)
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How do the leasing requirements in the new standard differ from current GAAP? This webcast addresses that question by examining the core principles of the new standard, including identification, recognition, measurement, presentation and disclosure requirements. Examples are included to illustrate application of the new standard. This webcast explains the lessee accounting model, including lease classification, amortization of the right-of-use asset, and interest on the lease liability. This web

 Export to Your Calendar 2/28/2018
When: 02/28/2018
8:00 AM until 4:00 PM
Where: Webcast
AICPA
1406938:8DB61DE7CF709B3B6E53EED7A4D56609
United States
Presenter: Daryl Krause


Online registration is available until: 2/26/2018
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Acronym XALEAS218
CPE 8 hours
Vendor AICPA
Category
A&A
Level Intermediate
Prerequisite None
Adv Prep None
Yellow Book? No
Registration Fees
Members* $249
CPA Non-Members $319

*The member rate applies to LCPA members, other state CPA society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

How do the leasing requirements in the new standard differ from current GAAP? This webcast addresses that question by examining the core principles of the new standard, including identification, recognition, measurement, presentation and disclosure requirements. Examples are included to illustrate application of the new standard.

This webcast explains the lessee accounting model, including lease classification, amortization of the right-of-use asset, and interest on the lease liability. This webcast also explains the lessor accounting model, including transfer of risk, profit recognition, and collectability. Additional topics include short-term leases, purchase options, variable lease payments, and sale and leaseback transactions.

Objectives

  • Identify a lease under the new leases standard.
  • Identify recognition and measurement requirements of the new leases standard.
  • Identify presentation and disclosure requirements of the new leases standard.

Major Topics

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

Note: Login instructions will be provided by the webcast vendor (AICPA).