Practical Approaches to Implementing the New Lease Accounting Standards FLEXCAST
Available Until
Your Desk
4.0 Credits
Member Price $196.00
Non-Member Price $225.00
Overview
This course will guide preparers and accountants in public practice and industry, who need to understand how the new leasing rules will affect their key accounting numbers. Accountants who deal with financial institutions will identify lease accounting challenges, asset-liability, balance sheet and changes on covenants. Participants will also understand the right-of-use approach model, renewals, termination, and other lease specific issues, including practical strategies to reduce the burden of implementation.
Highlights
Lessee Accounting. Implementation Issues. Effective Date, Transition and Disclosure. Lessor Accounting.
Prerequisites
None.
Designed For
CPAs, CFOs, controllers, financial professionals, and auditors.
Objectives
Gain an understanding of how the transition from operating leases to capitalization will affect companies of all sizes. Study the fundamental principles of the right-to-use model for capitalizing leases. Distinguish which lease contracts are scoped into and out of the standard. Learn how the balance sheet treatment of leases will alter financial statement numbers, ratios, and loan covenants. Become familiar with the right-of-use, present value model for capitalizing leases. Preview the transition and disclosure implications of the new standard.
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.
Leader(s):
Leader Bios
Ray Thompson, Western CPE
Dr. Ray Thompson, CBA, CFM, CMA, is an emeritus associate professor of accounting and finance at the University of Pittsburgh. He served as department head at the University of Pittsburgh at Johnstown (UPJ) campus for over 25 years. He was the associate director of UPJ’s Entrepreneurial Development Assistance Project, where he was involved in financial consulting and assisting in preparing loan proposals for small business start-ups. He has taught in graduate and undergraduate business programs in Europe, Africa, and the United States.
Ray received his BS and MS degrees in economics and systems dynamics from the University of Bradford in the United Kingdom, his MBA in accounting from Xavier University in Ohio, and his PhD in business administration from Nova University. Ray is also certified in financial management and is a certified management accountant (CMA), a certified business appraiser (CBA), and holds the accredited valuation analyst credential from the National Association of Certified Valuators and Analysts (NACVA). He recently became certified in IFRS though the Institute of Chartered Accountants in England and Wales.
Non-Member Price $225.00
Member Price $196.00