Webcast: Leases: Is it a Lease? (Topic 842-10) (XCLESO219)
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Leasing is a popular form of capital investment for corporations, including office space to equipment. The FASB has now released the Topic 842, Leases, a major rewrite of the leasing topic. 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.

3/12/2019
When: 03/12/2019
1:00 PM until 3:00 PM
Where: Webcast
CALCPA
4183307C
Louisiana
United States
Presenter: Bobbe Barnes


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Acronym XCLESO219
CPE 2 hours
Vendor CalCPA
Category
A&A
Level Overview
Yellow Book? No
Registration Fees
Members* $60
CPA Non-Members $94

*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.

Texas CPAs: Our Texas State Board of Public Accountancy Sponsor number is #010423.

Course Description

This course, first in a three-part series, concentrates on the new Topic 842, Leases. Leasing is a popular form of capital investment for corporations, including office space to equipment. The FASB has now released the Topic 842, Leases, a major rewrite of the leasing topic.

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

  • Identify a lease
  • Classify the lease from both the lessee and the lessor perspective
  • Determine the lease term and commencement date
  • Calculate initial direct costs

Major Topics

  • FASB ASC 842, Leases
  • All recently released updates to ASC 842, Leases

Designed For: CPAs, auditors, consultants, and financial and management professionals.

Prerequisite: None.

Advance Prep: None.

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