4.00 CPE Credit Hours
How do the leasing requirements in the new standard differ from current GAAP? This course addresses that question by focusing on the basic core principles of the new standard. Discussion includes basic identification, recognition, measurement, presentation and disclosure requirements. Case study exercises are included to illustrate application of the new standard. This course discusses the lessee accounting model, including lease classification, amortization of the right-of-use asset, and interest on the lease liability. This course also discusses the lessor accounting model, including profit recognition and collectability.
Designed For
Accountants in practice and industry
Objective
- Differentiate between requirements under the current and new leases standards.
- Compare current lease recognition and measurement requirements to those of the new leases standard.
- Identify presentation and disclosure requirements of the new leases standard.
Highlights
- Lease classification
- Amortization of the lease asset
- De-recognition of the underlying asset
- Recognition of lease receivables
Prerequisites
Experience in application of accounting standards
Advanced Preparation
None
Developer
AICPA
Presenters
Leah Donti,
Level of Knowledge
Intermediate
Course Location
EideBailly LLP
345 N. Reid Pl. Suite 400
PO Box 5125
Sioux Falls, SD 57103
Member
$145.00
Late
Registration *
$170.00
Non-Member
$170.00
Late
Registration *
$195.00
* If postmarked after 11/15/2018
AICPA Members
Receive a $30 Discount on AICPA Courses!