Webcast: Success Leaves Clues: Exploring Practices of Extraordinary Firm: Economy-Compl (XCSLECT17)
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Leasing is a popular form of capital investment for corporations, including everything from office space to equipment. The FASB has now released Topic 842, Leases, a major rewrite of the leasing topic. This course, the final segment in a three-course series, concentrates on the new Topic 842, Leases. Address the leases from the perspective of a lessor and the effective date and transition for both the lessor and lessee. The course assumes the knowledge of the first course, Leases:Is It a Lease?a

9/26/2017
When: 09/26/2017
12:00 PM until 2:00 PM
Where: Webcast
CALCPA
4173407A
United States
Presenter: Ronald Baker


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Acronym XCLESED17
CPE 2 hours
Vendor CalCPA
Category
Accounting & Auditing
Level Overview
Prerequisite Leases: Is It a Lease? and Leases: Lessee
Adv Prep None
Yellow Book? No
Designed for CPAs, auditors, consultants, and financial and management professionals.
Registration
Member $60
CPA Non-Member $94

The Member rate applies to LCPA members, other state 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

Leasing is a popular form of capital investment for corporations, including everything from office space to equipment. The FASB has now released Topic 842, Leases, a major rewrite of the leasing topic.

This course, the final segment in a three-course series, concentrates on the new Topic 842, Leases. Address the leases from the perspective of a lessor and the effective date and transition for both the lessor and lessee. The course assumes the knowledge of the first course, Leases: Is It a Lease? and the second courses, Leases: Lessees.

The effective date for nonpublic entities is annual reporting periods beginning after December 15, 2019. However, early application is permitted. Help your clients and companies be prepared for adoption before it becomes a last-minute effort.

Materials are provided as an ebook for this course.

Objectives

  • Recognize the lease at commencement under sales-type, direct financing, and operating leases, from the perspective of a lessor.
  • Calculate the subsequent measurement under sales-type, direct financing, and operating leases, from the perspective of a lessor.
  • Describe the presentation of the leases in the financial statements.
  • Identify the effective date for public and nonpublic entities.
  • Describe the transition requirements for both lessees and lessors.

Major Topics

FASB ASC 842, Leases