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Leases: Mastering the New FASB Requirements

Leases: Mastering the New FASB Requirements

Quick Overview
This new CPE course provides you with an in-depth examination of the new standard, including identification, recognition, measurement, presentation, and disclosure requirements. The course addresses both the lessee and lessor accounting models with examples to illustrate application of the new standard. For the lessee accounting model, the course explores lease classification, amortization of the right-of-use asset, and interest on the lease liability. For the lessor accounting model, the course explores transfer of risk, profit recognition, and collectibility. The course also covers short-term leases, purchase options, and variable lease payments, as well as sale and leaseback transactions. Plus, given the significant differences between ASU 2016-02 and IFRS 16, Leases, the course includes a chapter that examines the differences between the two standards.

Credits - 8.00
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Price: 189.00
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Author(s)

Kelen F. Camehl, CPA, MBA

Field(s) of study

Accounting

Level of difficulty

Intermediate

Topics discussed

Lease classification, Amortization of the lease asset, Derecognition of the underlying asset, Recognition of lease receivables

Objectives

Identify a lease under the new leases standard, Identify recognition and measurement requirements of the new leases standard, Identify presentation and disclosure requirements of the new leases standard

Designed for

Accountants in practice and industry