Transition & Disclosure under the New Lease Accounting Standard Self-Study Webinar (2.5 Hours)

Transition & Disclosure under the New Lease Accounting Standard Self-Study Webinar (2.5 Hours)

CPE Credit: 2.5 Hours

Price: $159.00

NASBA Field of Study: Accounting

 

Overview

This practical session from our timely Lease Accounting Conference will show you the best practices for implementing the New Lease Accounting Standard and making all of the required disclosures.
 

AGENDA HIGHLIGHTS


•  Effective Date & Transition
   – For public and all other business entities
  – Lessee and lessor transition
   – Method comparison
   – Practical expedients
   – Significant relief provisions
      – Hindsight
         – Determining lease term
         – Assessing ROU assets for impairment
      – Land easements
   – Sale-leaseback
   – Build-to-Suit

•  Disclosures
   – Objectives
      – Amount
      – Timing
      – Uncertainty of cash flows
   – Lessee and lessor disclosures
   – SEC reporting considerations
      – SAB Topic 11.M disclosures
      – Selected financial data table requirements
      – Revised financial statement requirements for registration statements

•  Example Disclosures
   – Early adopter examples (AT&T, Starbucks, etc.)

•  SEC Comment Letters

•  Implementation Considerations
 

LEARNING OBJECTIVE  To provide financial professionals with the latest success strategies to make a successful transition to the
New Lease Accounting Standard and fulfill all the new disclosure requirements.

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

Speakers

SPEAKER


Angela Newell, National Assurance Partner, BDO USA

Detailed Learning Objectives

Identify the COVID-delayed effective dates for the New Lease Accounting Standard

Recognize the mandatory transition methodology

Recognize the optional transition relief available to lessees

Identify the approaches to the package of practical expedients available to lessees

Recognize the accounting ramifications of entities that select the practical expedient for land easements

Identify the extent of mandatory disclosures under Topic 842 relative to Topic 840

Identify specific disclosure requirements for both lessees and lessors

Identify SAB 74 considerations as they relate to the new leasing standard