Surgent's Lease Accounting: The Impact of Changing Standards on Both Lessors and Lessees (AALL)

Course Details

Date

Self-Study

Location

Online

Field of Study

Accounting & Audit

CPE Credit

2 hours CPE credit

Level of Knowledge

Beginning

Vendor

Surgent McCoy CPE, LLC

Prerequisites

Basic understanding of U.S. generally accepted accounting principles

Description

The effective date for ASU 2016-02, Leases (Topic 842) is rapidly approaching. The new standard eliminates one of the largest forms of off-balance sheet accounting, but requires most leases to be brought onto the balance sheet (whether classified as a financing or operating lease) as well as mandates other changes in lease accounting for both lessees and lessors. This course will discuss the impact of these changing standards on both parties and will discuss recently issued or proposed updated guidance related to this new standard. These changes will be effective for public companies for periods beginning after December 15, 2018, with all other entities having an extra year for implementation. So now is the time to get up to date on all that is going on with regard to this topic.

Highlights

  • Outcomes of the recent FASB and IASB Joint Project related to Leases
  • Differentiating between accounting and reporting requirements for operating and finance leases
  • Evaluating possible material misstatement related to lease recognition, measurement, presentation and disclosure

Designed For

Practicin

Course Pricing

WYOCPA Member Fee

Applicable if you are a WYOCPA member in good standing.

$49.00
Non-Member Fee

Applicable if you are not a WYOCPA member.

$49.00
Your Price $49.00

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