FASB's New Lease Accounting Standard
Webinar: ID# 1010274
About This Course:
It's a whole new world for lessors and lessees under Accounting Standards Update No. 2016-02. Soon nearly all leases will need to be disclosed on the balance sheet - from buildings right down to autos and copiers.
Although the greatest impact will be on large entities like Walgreens, this will affect the statements of small and mid-sized entities.
Agenda / Covered Topics- Apply the new financial accounting concepts in the lease setting
- Gain a working knowledge of accounting rules as they relate to lease accounting
- Discuss planning and potential pitfalls
- What is a "Lease?"
- Recognition and measurement of lease assets and liabilities
- Impact on Lessors and Lessees
- Disclosures and transition rules
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Continuing Education Credits:
Click the 'Credits' tab above for information on PHR/SPHR, PDCs, and other CE credits offered by taking this course.