Leases: Mastering the New FASB Requirements
Tuesday, May 26, 2020
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. Experience hands-on learning with journal entry examples that show you the applications of the new standard.
Identify a lease under the new leases standard.Apply the recognition and measurement requirements. Identify presentation and disclosure requirements.
KEY TOPICS:-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