Leases: Mastering the New FASB Requirements

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

 Profit recognition


 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

Additional Information

Designed For

 Accountants in practice and industry


American Institute of CPAs


8.00 Accounting


Experience in application of accounting standards

Course Number


Level of Knowledge


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