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The New Lease Accounting StandardsCode: 21-NEWLEASE
Price: $39.00
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Course Details
61 pages
Course description and objectives:
This course provides an in-depth overview
of the new lease accounting standards issued by the Financial Accounting Standards
Board (FASB) in
February 2016. This includes a
discussion of the primary reasons for the change as well as how to identify a
lease within a contract. This course also
provides an in-depth review of lease classification, initial measurement,
subsequent measurement, presentation & disclosure, as well as transition
requirements. The course concludes with
a discussion of some of the significant differences between IFRS 16 (the IASB’s new lease accounting standard) as well as private company
considerations.
Course Objectives:
·
Recognize how the
new leasing standard has evolved and how the new standard is organized
·
Determine whether
an arrangement contains a lease
·
Identify
considerations with respect to substitution rights and decision-making rights
·
Identify the
criteria for the new finance lease and short-term
leases
·
Recognize the new
recognition and measurement requirements for both lessees and lessors
·
Identify the
recognition criteria for sales-type, direct financing, and operating leases
·
Identify the overall requirements with respect
to lease modifications
·
Identify the
criteria used for sale and leaseback transactions
·
Identify the
considerations with respect to a lessee’s involvement in construction of a
leased asset
·
Identify the
presentation requirements for both lessees and lessors
·
Recognize both
qualitative and quantitative disclosure requirements for both lessees
and lessors
·
Identify the
effective date for the new lease accounting standards
·
Identify the
significant differences between ASC 842 and IFRS 16
·
Recognize
considerations of and alternatives provided to private companies
Presentation Method: Self-Study
Category: Accounting
CPE credit: 4 Hours
Program Level: Update
Prerequisites: None
Advance Preparation: None
Exam expiration date: Participants must submit exams for grading within one year from the date of purchase
For more information regarding refunds, complaints, or cancellation policies, please contact our offices at 817-477-0222.
American CPE, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to: National Registry of CPE Sponsors, 150 Fourth Ave. North, Nashville, TN 37219-2417. Web site: www.nasba.org
NASBA Sponsor number 108096
$39.00
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