August Special - Only $15 - Lease Accounting: Best Ways to Handle FASB's New Standard Webcast (1 Hour)

On February 25, 2016, FASB issued a New Lease Accounting Standard that will dramatically change the accounting rules for leases and have a huge impact on US public companies.

In this highly informative webcast, you will discover how these new rules will affect your financial statements and receive real-world expert guidance on how to apply these new lease accounting rules to your company reporting.
 

AGENDA HIGHLIGHTS

•  Overview, effective date and timeline of the New Standard

•  Scope of and identifying a lease

•  Separating lease and non-lease components

•  Issues to be discussed include:
   – Lease classification
   – Lessee/lessor adoption issues
   – Lessee accounting and presentation
   – Summary of lessee’s potential financial statement impact
   – Lessor accounting—operating leases, sales-type leases, direct financing leases
   – Recognition and measurement
   – Ongoing requirements
       – Reassessment requirements; lessee
       – Modification
       – Asset impairment
   – Other transactions
   – Sale and leaseback transactions
   – Sublease arrangements: more complex than ever
   – Related-party leases
   – Built-to-suit transactions
   – Other areas
   – Disclosures
   – Business impacts

•  Differences between the FASB and IASB standards

•  Operational and implementation challenges of the New Standard
   – Systems, business challenges and financial reporting
   – Data gathering, contract assessment, IT implementation

•  Transition methods and options

LEARNING OBJECTIVE  To update accountants and other financial professionals on the FASB/IASB’s recent and upcoming rule
changes regarding accounting for leases, while providing practical advice and proven effective techniques for handling these changes.  

PREREQUISITE  None.    ADVANCE PREPARATION  None.    PROGRAM LEVEL  Update.   NASBA FIELD OF STUDY  Accounting.
DELIVERY METHOD  Group Internet-Based.