Revenue Recognition & Lease Accounting: Implementing the Two Hottest New FASB Standards Webinar (4 Hours)

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In this highly rated webinar, America's leading experts will update you on recent developments and show you proven real-world strategies to implement the New Revenue Recognition and Lease Accounting Standards.

Revenue Recognition & Lease Accounting: Implementing the Two Hottest New FASB Standards Webinar (4 Hours)

CPE Credit: 4 Hours

Price: $299.00

NASBA Field of Study: Accounting

What Professionals like You Say about this Webinar

“Excellent speakers, timely and relevant topics with good content.”
   – Rory King, Sr. Director Financial
      Reporting, 7-Eleven

“Great presentation, nice lively discussion with good real-world examples.”
   – John Keefe, Director of Financial
      Reporting, Quality Care Properties, Inc.

“I give this conference webinar, its speakers and topics all top ratings. What I liked most was the topics were relevant to the present changes and challenges.”
   – Connie Layne, Manager of Financial
      Reporting, Education Realty Trust



In this information-packed webinar, our experts will bring you up to speed on the latest, proven best practices for implementing the New Revenue Recognition and Lease Accounting Standards, along with all the recent updates and rulings from FASB.



Part 1: Revenue Recognition Standard: Transition & Implementation

• Background and overview

• Five Step Model for Recognizing Revenue

• Other considerations
  – Licenses
  – Principal vs. agent considerations and more

• Disclosures
  – Disaggregation of revenue
  – Reconciliation of contract balances

• SAB 74 considerations—transparent disclosures about the effect of implementation

• Transition Resource Group Consensus and industry task forces update

• Transition considerations
  – Effective date and adoption methods
  – Transition examples

• Implementation issues
  – Project management and internal dynamics
  – Issue analysis
  – Transactions and deals
  – Technology and systems
  – Communications


Part 2: Accounting for Leases: Implementation & Transition for Lessees & Lessors

• Purpose and scope of the new Leasing Standard

• Transition methods and effective dates

• Understanding the definition of a lease

• Separating lease and non-lease components

• Key definitions and concepts (lease term, commencement date, lease payments, discount rate)

• Issues to be discussed include:
   – Lease classification and financial statement impact
   – Lessee and lessor accounting and presentation

• Transition and disclosure
   – Enhanced qualitative and quantitative disclosures
   – Evolving SAB 74 disclosures

• Impact the New Standard will have to ICFR

• Implementation considerations, including impact to processes and systems


LEARNING OBJECTIVE  To provide you with a thorough explanation of the ins and outs of the New Revenue Recognition and Lease
Accounting Standards and show you the best ways to implement and transition to these new standards.

DELIVERY METHOD  Group Internet-Based.


This live webinar is also available as a self-study webinar
Revenue Recognition & Lease Accounting: Implementing the Two Hottest New FASB Standards Self-Study Webinar (5 Hours)



Reto Micheluzzi, Accounting Advisory Partner, PwC

Angela J. Newell, National Accounting Partner, BDO

Michael Ussery, Accounting Consultant/Principal, Pt. Platinum Consulting

Shauna Watson, Global Managing Director, Finance & Accounting, Resources Global Professionals


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