Purchase Course

Lease Accounting   

16

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

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

Special Discounts

In conjunction with your registration, participants will automatically be enrolled into Leases Identification, Components, and Key Concepts (Topic 842). The completion of this complimentary, CPE-eligible self-study will allow for all participants to attend the course with equivalent advance knowledge.

In addition, registrants of Lease Accounting will receive a 50% discount on the remaining courses within the Leases (Topic 842) web-based training series. Instructions for redeeming this offer will be provided in the registration confirmation email that you will receive upon registering for the course.

Course Details

Following CDC guidelines and protocols, we hope to resume in-person sessions in the fall, once a safe environment can be assured. Registration is open for our Live Virtual Seminars, which allow participants to receive the same industry-respected content as our corresponding classroom-based seminars -- without having to leave home or office.

FASB ASC 842 has redefined accounting for leases. This two-day seminar will explain the requirements of the standard, its logic, its implications, and the problem areas that concern the preparers.This course offers participants an understanding of the new standard and its complexities 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.

Course Agenda:

  • 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 the balance sheet
    • Operating leases
    • Finance leases
  • Lease payments, discount rate, inception date, commencement date, lease term
  • Impairments of right of use asset, modifications, 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

Other Details

Special Notice/Instruction: Delivery Method: Group Live
Prerequisite: Basic knowledge of U.S. GAAP
Preparation: None
Level of Knowledge: Intermediate
Field of Study: Accounting
Delivery Method: Seminar
Following CDC guidelines and protocols, we hope to resume in-person sessions in the fall, once a safe environment can be assured. Registration is open for our Live Virtual Seminars, which allow participants to receive the same industry-respected content as our corresponding classroom-based seminars -- without having to leave home or office.

FASB ASC 842 has redefined accounting for leases. This two-day seminar will explain the requirements of the standard, its logic, its implications, and the problem areas that concern the preparers.This course offers participants an understanding of the new standard and its complexities 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.

Course Agenda:

  • 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 the balance sheet
    • Operating leases
    • Finance leases
  • Lease payments, discount rate, inception date, commencement date, lease term
  • Impairments of right of use asset, modifications, 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

Special Notice/Instruction: Delivery Method: Group Live
Prerequisite: Basic knowledge of U.S. GAAP
Preparation: None
Level of Knowledge: Intermediate
Field of Study: Accounting
Delivery Method: Seminar