FASB's New Lease Accounting Standard WEBINAR

Friday, November 27 8:00am - 10:00am PST

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2 Credits

Member Price $79.00

Non-Member Price $99.00

Overview

It’s a whole new world for lessees under ASC topic 842. Soon nearly ALL leases will need to be disclosed as a liability on the balance sheet - from buildings right down to autos and copiers. Although the greatest impact will be on large entities, this will affect the financial statements of small and mid-size entities as well. This program will dive into the new standard on leases and address what you need to know now.

Highlights

What is a “lease”? Recognition and measurement of lease assets and liabilities. Impact on lessors and lessees. Disclosures and transition rules. Effective dates.

Prerequisites

NONE

Objectives

Apply the new financial accounting concepts of leases. Gain a working knowledge of accounting rules as they apply to leases.

Preparation

NONE

Notice

NONE

Leader(s):

Leaders

Douglas Van Der Aa

Doug Van Der Aa is a Tax Manager for the Grand Rapids, Michigan firm of Hungerford, Aldrin, Nichols & Carter, PC, CPAs and Consultants, where he specializes in the preparation and review of individual, corporate, estate, trust and partnership tax returns for small and mid-sized businesses; acquisition, and reorganization and financing of corporations, limited partnerships and limited liability companies; complex commercial real estate transactions (Section 1031 tax-free exchanges, leasing, purchase/sale); tax research and planning. Over the past 10 years, Doug has taught several accounting and tax courses for Grand Valley State University, Hope College and Davenport University, as well as served as a speaker for the Michigan Association of CPAs. Doug received his B.S. in accounting from Dordt College and his Juris Doctor from the University of Illinois. He is a member of the MACPA, Michigan State Bar, AICPA and the Economic Club of Grand Rapids.

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Non-Member Price $99.00

Member Price $79.00