Webcast: Leases: Lessor & Effective Date and Transition (Topic 842-30) (XCLESED219)
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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. Address the leases from the perspective of a lessor and the effective date and transition for both the lessor and lessee.

 Export to Your Calendar 3/26/2019
When: 03/26/2019
1:00 PM until 3:00 PM
Where: Webcast
CALCPA
4183309C
Louisiana
United States
Presenter: Bobbe Barnes


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Acronym XCLESED219
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, the final segment in a three-course series, 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 Topic 842, Leases, a major rewrite of the leasing topic.

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
  • All recently released updates to ASC 842, Leases

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

Prerequisite: Leases: Is It a Lease? and Leases: Lessee

Advance Prep: None.

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