Leases: Mastering the New FASB Requirements WEBCAST
Overview
By learning essential information about lease accounting requirements, you’ll understand the core principles of the standards and how to apply them. You’ll also learn about classifying leases, the amortization of the right-of-use asset, and the interest on a lease liability.
Highlights
Lease classification. Amortization of the lease asset. Derecognition of the underlying asset. Recognition of lease receivables. Lease modifications. Sale and leaseback transactions. Presentation and disclosure requirements.
Prerequisites
Experience in application of accounting standard .
Designed For
Accountants and finance professionals.
Objectives
Recognize arrangements which meet the scope requirements for lease accounting under FASB ASC 842. Recognize lessee accounting requirements for operating leases and finance leases under FASB ASC 842. Recognize lessor accounting requirements for sales-type, direct financing, and operating leases under FASB ASC 842. Recognize accounting requirements for lease modifications under FASB ASC 842. Recognize accounting requirements for sale and leaseback transactions under FASB ASC 842. Recognize presentation requirements for lessees and lessors under FASB ASC 842.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
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.
Non-Member Price $403.00
Member Price $332.00