Purchase Course

Lease Accounting (In-person)   

16

Estimated CPE
Tuition
$1,995.00
Course Number
22-IL-244-EE
Course Leader
Dan Gode
Hotel / Venue Details
View Details
16

Estimated CPE
Tuition
$1,995.00
Course Number
22-IL-244-EE
Course Leader
Dan Gode
Hotel / Venue Details
View Details

Course Details

Registration is now open for our Live Virtual Seminars, which allow participants to receive the same industry-respected content as our corresponding classroom-based seminars.

KPMG Executive Education is pleased to resume in-person training for this course. Registration is also open for our Live Virtual Seminar.

FASB ASC 842 has redefined accounting for leases. This seminar explains the requirements of the standard, its logic, implications, and problem areas concerning financial statement preparers. Practical hands-on spreadsheets illustrate the underlying concepts and their rationale, allowing participants to understand how the complexities of the new standard affect the interpretation of financial statements by investors.

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 a balance sheet: Operating and finance leases
  • Lease payments, discount rate, inception date, commencement date, lease term
  • Allocating consideration to lease and non-lease components
  • Impairments of the 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

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

Session dates & times
To review session specific details, please select the “Purchase Course” button on the righthand side. You will be taken to the Training Details page. Scroll down the page and locate the date you are interested in attending. Click on the session name to view more details, including the full schedule for the session.

Other Details

Special Notice/Instruction: Delivery Method: Group Live
Prerequisite: Basic knowledge of U.S. GAAP
Preparation: None
Equivalency: This in-person seminar is an equivalent to our Lease Accounting live virtual seminar.
Level of Knowledge: Intermediate
Field of Study: Accounting
Delivery Method: Seminar

Registration is now open for our Live Virtual Seminars, which allow participants to receive the same industry-respected content as our corresponding classroom-based seminars.

KPMG Executive Education is pleased to resume in-person training for this course. Registration is also open for our Live Virtual Seminar.

FASB ASC 842 has redefined accounting for leases. This seminar explains the requirements of the standard, its logic, implications, and problem areas concerning financial statement preparers. Practical hands-on spreadsheets illustrate the underlying concepts and their rationale, allowing participants to understand how the complexities of the new standard affect the interpretation of financial statements by investors.

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 a balance sheet: Operating and finance leases
  • Lease payments, discount rate, inception date, commencement date, lease term
  • Allocating consideration to lease and non-lease components
  • Impairments of the 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

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

Session dates & times
To review session specific details, please select the “Purchase Course” button on the righthand side. You will be taken to the Training Details page. Scroll down the page and locate the date you are interested in attending. Click on the session name to view more details, including the full schedule for the session.

Special Notice/Instruction: Delivery Method: Group Live
Prerequisite: Basic knowledge of U.S. GAAP
Preparation: None
Equivalency: This in-person seminar is an equivalent to our Lease Accounting live virtual seminar.
Level of Knowledge: Intermediate
Field of Study: Accounting
Delivery Method: Seminar