Leases: Mastering the New FASB Requirements

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.


LEARNING OBJECTIVES When you complete this webcast, you will be able to:

 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.



 Lease classification

Amortization of the lease asset

Derecognition of the underlying asset

 Recognition of lease receivables

Additional Information

Designed For

Accountants in practice and industry


American Institute of CPAs


Experience in application of accounting standards

Field of Study


Course Number


Level of Knowledge


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