Purchase Course

Lease Accounting (Virtual)   

20

Estimated CPE
Tuition
$1,845.00
Approximate Length
20:00:00
Course Number
21-VC-244-EE
Course Leader
Dan Gode
20

Estimated CPE
Tuition
$1,845.00
Approximate Length
20:00:00
Course Number
21-VC-244-EE
Course Leaders
Dan Gode
Course Leader
Dan Gode

Course Details

FASB ASC 842 covers accounting for leases. The seminar features shorter individual modules (each module lasts less than an hour) with breaks and interactivity.

This seminar will explain the requirements of the new standard, its logic, its implications, and the problem areas that concern the preparers. Participants will gain an understanding the complexities of the new standard as well as how to apply it effectively in their organizations. The seminar goes beyond a mere description of the technical requirements by explaining the underlying concepts and their rationale via practical spreadsheets. The elimination of tedious computations frees up time to discuss practical implementation issues and how the standard affects interpretation of financial statements by users.

Topics

  • Four ways to account for contractual commitments for assets that are depreciated
  • Commitments that stay off the balance sheet: Contracts that are not leases; Short-term leases
  • Commitments that are on balance sheet: Operating leases; Finance leases
  • Lease payments, discount rate, inception date, commencement date, lease term
  • Impairments of right of use asset, modifications reassessments, subleases
  • Sale-leaseback accounting, build-to-suit leases, real estate leases
  • Policy elections and disclosures
  • Lessor accounting
  • Interaction with revenue recognition rules
  • Elimination of the distinction between real estate leases and other leases
  • Elimination of leveraged leases

This virtual seminar will have 4 parts. The seminar will run from approximately 11:00 AM EST to 4:00 PM EST daily.

By attending all 4 training days you will be eligible to earn up to 20 CPE credits.

Course Leader
Dan Gode, Co-founder, Almaris Consulting and Training

Keywords: ASC Topic 842, FAS 13, Lease Accounting, Operating Leases, Finance Leases, Short-Term Leases, Sales-Type Leases, Direct-Financing Leases, Identifying a Lease, Allocating Consideration, Lease Terms, Sale-Leasebacks, Subleases, Lease Modifications, Policy Elections for Leases, Lease Disclosures

Other Details

Special Notice/Instruction: NASBA Delivery Method: Group Internet Based
Prerequisite: Basic knowledge of U.S. GAAP
Preparation: None
Level of Knowledge: Intermediate
Field of Study: Accounting
Delivery Method: Virtual Instructor Led Training

FASB ASC 842 covers accounting for leases. The seminar features shorter individual modules (each module lasts less than an hour) with breaks and interactivity.

This seminar will explain the requirements of the new standard, its logic, its implications, and the problem areas that concern the preparers. Participants will gain an understanding the complexities of the new standard as well as how to apply it effectively in their organizations. The seminar goes beyond a mere description of the technical requirements by explaining the underlying concepts and their rationale via practical spreadsheets. The elimination of tedious computations frees up time to discuss practical implementation issues and how the standard affects interpretation of financial statements by users.

Topics

  • Four ways to account for contractual commitments for assets that are depreciated
  • Commitments that stay off the balance sheet: Contracts that are not leases; Short-term leases
  • Commitments that are on balance sheet: Operating leases; Finance leases
  • Lease payments, discount rate, inception date, commencement date, lease term
  • Impairments of right of use asset, modifications reassessments, subleases
  • Sale-leaseback accounting, build-to-suit leases, real estate leases
  • Policy elections and disclosures
  • Lessor accounting
  • Interaction with revenue recognition rules
  • Elimination of the distinction between real estate leases and other leases
  • Elimination of leveraged leases

This virtual seminar will have 4 parts. The seminar will run from approximately 11:00 AM EST to 4:00 PM EST daily.

By attending all 4 training days you will be eligible to earn up to 20 CPE credits.

Course Leader
Dan Gode, Co-founder, Almaris Consulting and Training

Keywords: ASC Topic 842, FAS 13, Lease Accounting, Operating Leases, Finance Leases, Short-Term Leases, Sales-Type Leases, Direct-Financing Leases, Identifying a Lease, Allocating Consideration, Lease Terms, Sale-Leasebacks, Subleases, Lease Modifications, Policy Elections for Leases, Lease Disclosures

Special Notice/Instruction: NASBA Delivery Method: Group Internet Based
Prerequisite: Basic knowledge of U.S. GAAP
Preparation: None
Level of Knowledge: Intermediate
Field of Study: Accounting
Delivery Method: Virtual Instructor Led Training