Webcast: Leases: Mastering the New FASB Requirements (XALEAS217)
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How do the leasing requirements in the new standard differ from current GAAP? This course 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 course explains the lessee accounting model, including lease classification, amortization of the right-of-use asset, and interest on the lease liability. This cou

 Export to Your Calendar 9/29/2017
When: 09/29/2017
8:00 AM until 4:00 PM
Where: Webcast
AICPA
1370702:3C9DC6EF106A6487334F326B3C60D33E
United States
Presenter: Daryl Krause


Online registration is available until: 9/27/2017
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Acronym XALEAS217
CPE 8 hours
Vendor AICPA
Category
Accounting
Level Intermediate
Prerequisite Experience in application of accounting standards
Adv Prep None
Yellow Book? No
Designed for Accountants in practice and industry
Registration
Member $249
CPA Non-Member $319

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

How do the leasing requirements in the new standard differ from current GAAP? This course 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 course explains the lessee accounting model, including lease classification, amortization of the right-of-use asset, and interest on the lease liability. This course 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.

Topics

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

Objectives
When you complete this course you will be able to:

  • 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.