Four for Fall: Leases Before and After New U.S. GAAP: Case Studies of the Impact of Applying Changes in Lease Accounting and Financial Reporting
Description
The proper treatment of leases in the financial statements can already be very complex and confusing, and now lease treatment is changing with ASU 2016-02. This course will take an illustrative example approach to clearly demonstrate the impact of changing accounting and financial reporting requirements under U.S. GAAP.
(description updated 11.09.20)
Learning 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.
Major Topics
Lease classification
Amortization of the lease asset
Derecognition of the underlying asset
Recognition of lease receivables
Lease Modifications
Sale and leaseback transactions
Presentation, disclosure, and transition requirements
Comparison of the requirements of U.S. GAAP and IFRS
Private company consideration
The business context for implementing the new standard
Provider
Business Learning Institute
Course Level
Basic
CPE Field of Study
Accounting
4
Who Should Attend
Accountants in practice and industry
Instructor(s)
Jennifer Louis
Prerequisites
Experience in the application of accounting standards