Lease Accounting: Changes to the Standards (Currently Unavailable)
Join CPA, Pat Patterson, has he walks through the biggest changes in lease standards.
This course will define whether there is a lease. If there is a lease, is it a finance lease or an operating lease? Depending on the type of lease, this course will detail how to initially record the “right of use asset” and the lease liabilities of the lessee. The correct financial statement treatment of leases is examined.
This course will define whether there is a lease, even if there are no leases recorded at the present time. If there is a lease, is it a finance lease or an operating lease? Depending on the type of lease, this course will detail how to initially record the “right of use asset” and the lease liabilities of the lessee for existing leases. The correct financial statement treatment of leases is examined.
This course will first define whether there is or is not a lease. If there is a lease, is it a finance lease or an operating lease? Depending on the type of lease, this course will detail what disclosures are required, how to make the correct disclosures, handle cancellations and dispositions, and make the correct decisions for financial statement presentations
This course will define whether there is a lease. If there is a lease, is it a finance lease or an operating lease? Depending on the type of lease and what accounting treatment had been used initially (ASC 840 or ASC 842), this course will detail how to record the “right of use asset” and the lease liabilities of the lessee. The correct financial statement treatment of land easements and rights of way are examined.
This course is designed to provide professional accountants with insight on how to implement the changes for lease transactions under the Financial Accounting Standards Board's (FASB) new leasing standards of ASU 2016-02 and other lease related ASUs and changes. One will learn the accounting and financial reporting requirements to agree with the requirements of the revised new standards for Lessees and Lessors. Further, the course will update professionals with the new revised standards for disclosures, cancellations, dispositions, and presentation issues.
Total: 5 courses (10 CPE hours)
