Leases: Mastering the New FASB Requirements
Tuesday, December 3, 2019
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.
Identify a lease under the new leases standard.
Apply the recognition and measurement requirements.
Identify presentation and disclosure requirements.
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
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
Variable lease payments