Leases: Mastering the New FASB Requirements

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10.00 credits
Member price:   $185.00
Non-member price:   $230.00
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OVERVIEW

This course offers hands-on learning with journal-entry examples that demonstrate how to apply the new standard.

DESIGNED FOR

  • Accountants and finance professionals
  • OBJECTIVES
    • Recognize arrangements that meet the scope requirements for lease accounting under FASB ASC 842.
    • Recognize lessee accounting requirements for operating leases and finance leases under FASB ASC 842.
    • Recognize lessor accounting requirements for sales type, direct financing, and operating leases under FASB ASC 842.
    • Recognize accounting requirements for lease modifications under FASB ASC 842.
    • Recognize accounting requirements for sale and leaseback transactions under FASB ASC 842.
    • Recognize presentation requirements for lessees and lessors under FASB ASC 842.
    • Recognize business factors to consider when implementing FASB ASC 842.
    HIGHLIGHTS
    • Lease classification
    • Amortization of the lease asset
    • Derecognition of the underlying asset
    • Recognition of lease receivables
    • Sale and leaseback transactions
    • Private company considerations
    • Short-term leases
    • Purchase options
    • Variable lease payments



    CREDITS
    Accounting
    10.00 credits
    FIELDS OF STUDY
    Accounting
    LEVEL
    Intermediate
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