Separating Lease & Non-Lease Components under the New Lease Accounting Standard Self-Study Webinar (2 Hours)

Separating Lease & Non-Lease Components under the New Lease Accounting Standard Self-Study Webinar (2 Hours)

CPE Credit: 2 Hours

Price: $99.00

NASBA Field of Study: Accounting

 

Overview

This self-study webinar session from our Lease Accounting Conference will show you how to identify lease and non-lease components and how to handle them under the New Lease Accounting Standard.
 

AGENDA HIGHLIGHTS


•  Four Steps in Separating Components of a Contract  
   – Identify separate lease components

   – Identify non-lease components
   – Measure consideration in the contract under ASC 842
  
Allocate considerations between components using observable data

•  Measuring Considerations in the Contract
   – Lease payments
      – Fixed
      – Variable
     
Purchase option
      – SPE payments
     
Residual value guarantee

      – Consideration in contract (lessors)

•  Allocating Consideration in a Contract
      – Lessees and lessors
     
Variable payments and CAM

•  Practical Expedients

•  Additional Examples

 

LEARNING OBJECTIVE  To ensure that financial professionals will be able to identify and separate lease and non-lease components
under the New Lease Accounting Standard.

PREREQUISITE  None.    ADVANCE PREPARATION  None.    PROGRAM LEVEL  Update.    NASBA FIELD OF STUDY  Accounting.
DELIVERY METHOD  Self-Study.

Speakers

SPEAKER


Sallie Nold, VP of Accounting Policy, Bank of America

Detailed Learning Objectives

Identify the ramifications of a service arrangement embedded within a lease contract

Recognize the circumstances under which an entity must consider the right to use an underlying asset as a separate lease component

Recognize the accounting treatment of the right-to-use land

Identify lease components, non-lease components and activities in a contract that do not transfer a separate good or service

Identify the methodology for which a lessor and lessee are to allocate consideration to lease components