Purchase Course

Lease Accounting (Live Virtual)   

16

Estimated CPE
Tuition
$1,695.00
Approximate Length
16:00:00
Course Number
22-VC-244-EE
Course Leader
Dan Gode
16

Estimated CPE
Tuition
$1,695.00
Approximate Length
16:00:00
Course Number
22-VC-244-EE
Course Leaders
Dan Gode
Course Leader
Dan Gode

Course Details

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: NASBA Delivery Method: Group Internet Based
Prerequisite: Basic knowledge of U.S. GAAP
Preparation: None
Equivalency: This live virtual seminar is an equivalent to our Lease Accounting in-person seminar.
Level of Knowledge: Intermediate
Field of Study: Accounting
Delivery Method: Virtual Instructor Led Training
11/7 - 11/10/2023

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: NASBA Delivery Method: Group Internet Based
Prerequisite: Basic knowledge of U.S. GAAP
Preparation: None
Equivalency: This live virtual seminar is an equivalent to our Lease Accounting in-person seminar.
Level of Knowledge: Intermediate
Field of Study: Accounting
Delivery Method: Virtual Instructor Led Training
Dates


11/7 - 11/10/2023