Leases: Mastering the New FASB Requirements

Course Details

Date

Thursday, September 5, 2024

7:00am – 3:00pm (Registration: 8:03am)

Location

Online

Field of Study

Accounting & Audit

CPE Credit

8 hours CPE credit

Level of Knowledge

Intermediate

Vendor

AICPA

Prerequisites

Experience in application of accounting standard

Description

FASB ASC 842, *Leases*, standards decoded
By learning essential information about lease accounting requirements, you'll understand the core principles of the standards and how to apply them. You'll explore topics, such as:

  • Identification
  • Recognition
  • Measurement
  • Presentation and disclosure requirements

    Deliberate application of lessee accounting model
    You'll also learn about classifying leases, the amortization of the right-of-use asset, and the interest on a lease liability. Additional topics include:
  • Short-term leases
  • Purchase options
  • Variable lease payments
  • Sale and leaseback transactions
  • Leveraged leases

    Highlights

  • Lease classification
  • Amortization of the lease asset
  • Derecognition of the underlying asset
  • Recognition of lease receivables
  • Lease modifications
  • Sale and leaseback transactions
  • Presentation and disclosure requirements

    Objectives

    • Recognize arrangements which meet the scope requirements for lease accounting under FASB ASC 842.
    • Recognize lessee accounting requirements for operating leases and finance leases under FASB ASC 842.
    • Recognize lessor accounting requirements for sales-type, direct financing and operating leases under FASB ASC 842.
    • Recognize accounting requirements for lease modifications under FASB ASC 842.
    • Recognize accounting requirements for sale and leaseback transactions under FASB ASC 842.
    • Recognize presentation requirements for lessees and lessors under FASB ASC 842.

    Designed For

  • Accountants and finance professionals

    • Registration for this course has passed.

    Course Pricing

    WYOCPA Member Fee
    $332.00

    Non-Member Fee
    $403.00

    Your Price
    $403.00

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