Webcast: Leases: Mastering the New FASB Requirements (XALEAS119)
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How do the leasing requirements in the new standard differ from current GAAP? This webcast addresses that by examining the core principles of the new standard, including identification, recognition, measurement, presentation and disclosure requirements. In this webcast, we provide you with examples to illustrate application of the new standard. We will also explain the lessee accounting model, so you understand lease classification, amortization of the right-of-use asset and interest on the leas

3/18/2019
When: 03/18/2019
8:00 AM until 4:00 PM
Where: Webcast
AICPA
1678286:08FE31FFBACF4C7C1366C2F5F0E1E445
Louisiana
United States
Presenter: Daryl Karuse


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Acronym XALEAS19
CPE 8 hours
Vendor AICPA
Category
Accounting & Auditing
Level Intermediate
Yellow Book? No
Registration Fees
Members* $249
CPA Non-Members $319

*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

How do the leasing requirements in the new standard differ from current GAAP? This webcast addresses that by examining the core principles of the new standard, including identification, recognition, measurement, presentation and disclosure requirements.

In this webcast, we provide you with examples to illustrate application of the new standard. We will also explain the lessee accounting model, so you understand lease classification, amortization of the right-of-use asset and interest on the lease liability. Likewise, you will explore 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.

Objectives

  • 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.

Major Topics

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

Designed For: Accountants in practice and industry

Prerequisite: Experience in application of accounting standards

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