A Final Look at the New Leasing Standard for Private Companies FLEXCAST

Overview

2021 is the effective date for nonpublic companies to implement the new leasing standard. A brief overview of the leasing standard; but the primary emphasis is on the implementation of the standard. The two acceptable transition methods along with the three practical expedients for transitions will presented along with recommendations on which to adopt. Example problems on each of the transition methods will be worked. New disclosure requirements will be demonstrated by reviewing the disclosures of public companies that have already implemented the guidance.

Highlights

Leasing Standards. Transition Methods. Lease Disclosures. Effect of Lease Reporting.

Prerequisites

None.

Designed For

CPAs, CFOs, controllers, financial professionals, and auditors.

Objectives

Receive an overview of the new leasing standard for private companies.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.