Webinar

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. Experience hands-on learning with journal entry examples that show you the applications of the new standard.

Objectives

 Identify a lease under the new leases standard.

 Apply the recognition and measurement requirements.

 Identify presentation and disclosure requirements.

Highlights

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

Additional Information

Designed For

Accountants in practice and industry

Vendor

American Institute of CPAs

Credits

8.00 Accounting

Prerequisite

Experience in application of accounting standards

Course Number

202206817

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