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Practical update on new lease accounting

4.6 (18)

Jim Woy, CPA

Anderson Zurmuehlen & Co PC

Thursday, May 14, 2020 | 03:00 PM EDT

  • CPA Canada
  • CMA
  • CPA

2 Credits

$20

Subject Area

Accounting

Upcoming Webinars

Course Description

The FASB issued Accounting Standards Codification Topic 842 (ASC 842), which is effective in 2019 for public companies. ASC Topic 842 will substantially alter how companies account for leases in their financial statements. This new standard will affect any entity that enters a lease and will force organizations to evaluate their accounting policies, procedures, controls, and systems. This webinar will prepare you for the financial reporting challenges that the new guidance will impose on all financial statement preparers.

HIGHLIGHTS OF THE WEBINAR:

  • Best practices for transitioning to the new rules.
  • Discover new disclosure requirements for lessees and lessors
  • Examine the accounting for sale/leaseback transactions
  • Explore the impact of the new rules on financial reporting of income taxes and leases acquired in a business combination

Learning Objectives

  • Understanding of New Lease Accounting Model.
  • Accounting guidance for the Update as per ASC 842.
  • To know different types of Key Exemptions.
  • Practical Expedient Election for Lessor and Lessees.
  • Key details on the modifications in lease, lease with government entities or authorities, and related party leases.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Accounts Director
  • Bookkeeper
  • Chief Accounting Officer
  • Cloud Accountants
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Senior Accountant
  • VP Accounts
  • Young CPA

Testimonial

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    [no_of_record] => 18
    [average] => 4.6111
)
 

4.6

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72%
17%
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