Webcast: Leases: Mastering the New FASB Requirements (WBLEAS317)
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 Export to Your Calendar 4/18/2017
When: 04/18/2017
8:00 AM until 4:00 PM
Where: Webcast
AICPA
1255804:70D7B7475715816D317F2C7FA372AA04
United States
Presenter: Daryl G. Krause, CPA


Online registration is available until: 4/16/2017
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AcronymWBLEAS317
CPE8 hours
VendorAICPA
Category
Accounting & Auditing
LevelIntermediate
PrerequisiteExperience in the application of accounting standards
Adv PrepNone
Who should attendAccountants in practice and industry
Registration
Member$249
CPA Non-Member$319

The Member rate applies to LCPA members, reciprocal 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.

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 shortterm leases, purchase options, variable lease payments, and sale and leaseback transactions.


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.

Topics

  • Lease classification.
  • Differences between “Type A” and “Type B” leases.
  • Amortization of the lease asset.
  • Derecognition of the underlying asset.
  • Recognition of lease receivables.