Leases: Mastering the New FASB Requirements WEBCAST

Tuesday, December 1 6:00am - 2:00pm PST

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8 Credits

Member Price $279.00

Non-Member Price $339.00

Overview

We’ve been getting questions on how the leasing requirements in the new standard differ from current GAAP. In this webcast, we’ll address your questions and concerns by examining the core principles of the new standard, including identification, recognition, measurement, presentation and disclosure requirements. We’ll even cover the business context of implementing this new standard and identify key factors for managing such a significant change. Experience hands-on learning with journal entry examples that show you the applications of the new standard. KEY TOPICS: Lease classification, Derecognition of the underlying asset, Recognition of lease receivables, Sale and leaseback transactions, Comparison of the requirements of U.S. GAAP and IFRS, Private company considerations, Short-term leases, Purchase options, Variable lease payments.

Highlights

Lease classification, Derecognition of the underlying asset, Recognition of lease receivables, Sale and leaseback transactions, Comparison of the requirements of U.S. GAAP and IFRS, Private company considerations, Short-term leases, Purchase options -Variable lease payments.

Prerequisites

Experience in application of accounting standards

Objectives

Identify a lease under the new leases standard. Apply the recognition and measurement requirements. Identify presentation and disclosure requirements.

Preparation

NONE

Notice

NONE

Leader(s):

Leaders

Daryl Krause

Mr. Krause has CPA Certifications and he practices in: Illinois, Indiana, Kentucky, Michigan, Ohio and Wisconsin as Manager & CEO of his firm, which he founded in 2005. Previously he enjoyed 23 years of diversified responsibilities with Ernst & Young. Industries he served included manufacturing, construction, real estate and financial services.

Daryl was the Ohio Valley Area Director of Employee Benefit Plan Services specialty audit practice for 8 years responsible for the technical accuracy and quality of over 300,000 hours of employee benefit plan audit effort. Roles included sign-off partner for approximately one third of the entire area’s engagements, independent reviewer on approximately 100 additional plans per year and technical advisor for all work.

As Senior Manager in the Entrepreneurial Services group for 3 years he managed a portfolio of corporate audit client relationships. Roles included providing SEC reporting assistance to new public companies, assisting in due diligence on potential acquisitions and helping companies improve their controls and financial reporting processes.

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Non-Member Price $339.00

Member Price $279.00