A review new FASB Pronouncement ASU 2016-02, Leases (Topic 842) up to the date of the course. This presentation will inform participants of the latest issues from the FASB and the Private Companies Council regarding leases. The FASB and PCC agendas and projects are discussed for their expected applications in the lease field. The participants will hear about new FASB pronouncements and the impact on lessees and lessors. Any correlations to the IFRS and its new lease standard will be reviewed.
Who Should AttendProfessionals in public practice, industry, government, and education who deal with entities with or expecting to have leases and wish to stay current on professional accounting standards regarding leases.
Instructional MethodGroup: Internet-based
NASBA Field of Study
Accounting (2 hours)
Program PrerequisitesGeneral Knowledge of Accounting Principles and Leases.