This course concentrates on Topic 842, Leases. Leasing is popular among companies for financing purchases, such as office space and equipment. This course addresses the identification of a lease and the classification of the lease into the Operating or Finance categories for Lessees, and Sales-Type, Direct Financing, or Operating for Lessors. Excerpts from public company disclosures will also be reviewed. ASC 842, Leases , is now effective for most publicly traded entities. Private companies and nonprofit entities should be preparing as the effective date is now for annual reporting periods beginning after December 15, 2021. Early application is also permitted. Prepare your clients and entities for adoption.
FASB ASC 842. All recently released updates to ASC 842. Leases.
CPAs, auditors, consultants, and financial and management professionals.
Identify a lease. Classify the lease from both the lessee and the lessor’s perspectives. Determine the lease term and commencement date. Calculate initial direct costs. Gain insight from excerpts of publicly traded companies’ disclosures. Review excerpts from a selection of public companies’ lease disclosures.
Bobbe M. Barnes, CPA, CGMA, CMA, CGFM Fair Oaks Ranch, TX
Bobbe is an educator and consultant with many years of professional experience in IFRS & US GAAP training around the world. Most recently, she developed the Certified International Professional Accounting certificate program, comprising training courses and examinations. Bobbe has worked in many countries including the USA, Central & Eastern Europe, Central Asia, Russia, Ukraine, China, Indonesia, Mongolia, and South Korea. She is a Certified Public Accountant (CPA), a Chartered Global Manangement Accountant, a Certified Management Accountant (CMA), and a Certified Government Financial Manager (CGFM).
Non-Member Price $109.00
Member Price $79.00