Webcast: Leases: Mastering the New FASB Requirements (XALEAS120)
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We’ve been getting questions on how the leasing requirements in the new standard differ from current GAAP. In this webcast, we’ll address your questions and concerns by examining the core principles of the new standard, including identification, recognition, measurement, presentation and disclosure requirements. We’ll even cover the business context of implementing this new standard and identify key factors for managing such a significant change.

 Export to Your Calendar 1/23/2020
When: January 23, 2020
8:00 AM until 4:00 PM
Where: Webcast
AICPA
1905446:E5951FD7F7E0B44E593FF51961227876
United States
Presenter: Daryl Krause


Online registration is available until: 1/21/2020
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Acronym XALEAS120
CPE 8 hours
Vendor AICPA
Category
Accounting & Auditing
Level Intermediate
Yellow Book? No
Registration Fees
Members* $279
CPA Non-Members $349

*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

We’ve been getting questions on how the leasing requirements in the new standard differ from current GAAP. In this webcast, we’ll address your questions and concerns by examining the core principles of the new standard, including identification, recognition, measurement, presentation and disclosure requirements. We’ll even cover the business context of implementing this new standard and identify key factors for managing such a significant change.

Objectives

• Identify a lease under the new leases standard.

• Apply the recognition and measurement requirements.

• Identify presentation and disclosure requirements.

Major Topics

You’ll dig deeper into key topics:

• Lessee accounting model

• Amortization of the right-of-use asset

• Interest on the lease liability

• Lessor accounting model

• Transfer of risk

• Profit recognition

• Collectability

• Lease classification

• Derecognition of the underlying asset

• Recognition of lease receivables

• Sale and leaseback transactions

• Comparison of the requirements of U.S. GAAP and IFRS

• Private company considerations

• Short-term leases

• Purchase options

• Variable lease payments

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).