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Surgent's Lease Accounting: The Impact of Changing Standards on Both Lessors and Lessees (AALL)
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The effective date for ASU 2016-02, Leases (Topic 842) is rapidly approaching. The new standard eliminates one of the largest forms of off-balance sheet accounting, but requires most leases to be brought onto the balance sheet (whether classified as a financing or operating lease) as well as mandates other changes in lease accounting for both lessees and lessors. This course will discuss the impact of these changing standards on both parties and will discuss recently issued or proposed updated g

 Export to Your Calendar 4/26/2019
When: 11:00 AM
Where: WEBINAR
SURGENT
AALL-2018-01-WEBNR-116-01
United States
Contact: April Deneault
8018346634


Online registration is available until: 4/26/2019
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Acronym AALL
CPE 2 hours
Category
Accounting
Level Basic
Vendor Surgent
Who should attend

Practicing CPAs and accounting professionals

Prerequisite
Basic understanding of U.S. generally accepted accounting principles
Fees: Early Bird
Standard
Member N/A
$89
Non-Member: N/A
$107

The Member rate applies to UACPA members and reciprocal state society members. To register online, use the ‘Register’ button above. To register by phone, call the UACPA at 801.466.8022, Monday through Friday, 8am to 4pm.

Description 
The effective date for ASU 2016-02, Leases (Topic 842) is rapidly approaching. The new standard eliminates one of the largest forms of off-balance sheet accounting, but requires most leases to be brought onto the balance sheet (whether classified as a financing or operating lease) as well as mandates other changes in lease accounting for both lessees and lessors. This course will discuss the impact of these changing standards on both parties and will discuss recently issued or proposed updated guidance related to this new standard. These changes will be effective for public companies for periods beginning after December 15, 2018, with all other entities having an extra year for implementation. So now is the time to get up to date on all that is going on with regard to this topic.

 

Major Topics

  • Outcomes of the recent FASB and IASB Joint Project related to Leases
  • Differentiating between accounting and reporting requirements for operating and finance leases
  • Evaluating possible material misstatement related to lease recognition, measurement, presentation and disclosure
  • New FASB guidance related to Topic

Objectives

  • Identify finance lease transactions, including both lessor and lessee perspectives
  • Understand the proper accounting and financial reporting treatment for operating and finance leases
  • Describe how lessor accounting is influenced by revenue recognition and measurement concepts
  • Explain important transition issues from the current to new standards

 

 

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