*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.
This course, second of a three-part series, addresses the leases from the perspective of a lessee and concentrates on the new Topic 842, Leases.
Leasing is a popular form of capital investment for corporations, including everything from 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.
- Identify short-term leases.
- Calculate initial measurement of ROU asset and lease liability.
- Calculate the subsequent measurement of both finance and operating leases.
- Describe the presentation of the leases in the financial statements.
- FASB ASC 842, Leases
- All recently released updates to ASC 842, Leases
Designed For: CPAs, auditors, consultants, and financial and management professionals.
Prerequisite: Leases: Is it a Lease? (Topic 842-10)
Advance Prep: None.
Note: Login instructions will be provided by the webcast vendor (CalCPA).