Seminar Course Description

The Bottom Line on the New Lease Accounting Requirements

Locations

CITY STATE DATES OFFERED STATE SOCIETY WEBSITE
Gulf Shores Alabama Jun 23, 2020 ASCPA
Dothan Alabama Aug 28, 2020 ASCPA
Phoenix Arizona Jun 24, 2020 ASCPA
Little Rock Arkansas Dec 29, 2020 ARCPA
Boise Idaho Nov 16, 2020 ISCPA
Chicago Illinois Oct 22, 2020 ICPAS
Fort Wayne Indiana Oct 28, 2020 INCPAS
Evansville Indiana Nov 12, 2020 INCPAS
Lexington Kentucky Nov 18, 2020 KYCPA
Baton Rouge Louisiana Dec 07, 2020 LCPA
Lake Charles Louisiana Dec 09, 2020 LCPA
Gulfport Mississippi Jun 10, 2020 MSCPA
Reno Nevada Sep 25, 2020 NVCPA
Las Vegas Nevada Sep 23, 2020 NVCPA
Pittsburgh Pennsylvania Sep 24, 2020 PICPA
Philadelphia Pennsylvania Oct 26, 2020 PICPA
Salt Lake City Utah Oct 30, 2020 UACPA
Richmond Virginia Nov 03, 2020 VSCPA
Wyoming Jun 25, 2020 WYOCPA

How do the leasing requirements in the new standard differ from current GAAP? This course addresses that question by focusing on the core principles of the new standard. Discussion includes identification, recognition, measurement, presentation and disclosure requirements. Case study exercises are included to illustrate application of the new standard.

This course discusses the lessee accounting model, including lease classification, amortization of the right-of-use asset, and interest on the lease liability. This course also discusses the lessor accounting model, including profit recognition and collectability.

Learning Objective

When you complete this course you will be able to:

  • Differentiate between requirements under the current and new leases standards.
  • Compare current lease recognition and measurement requirements to those of the new leases standard.
  • Identify presentation and disclosure requirements of the new leases standard.

Topics Dicussed

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

CL4LEAS

FIELD OF STUDY

  • Accounting

CPE CREDIT HOURS

4

KNOWLEDGE LEVEL

Intermediate

INTENDED AUDIENCE

Accountants in practice and industry

PREREQUISITE

Experience in application of accounting standards

ADVANCED PREPARATION

None

DELIVERY METHOD

Group Live

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