1-Day Program

See Credit Details Below

Overview

Why You Should Attend

The FASB’s new lease accounting standard presents complex accounting, internal control, system and implementation challenges.  In this interactive Workshop you will learn the conceptual underpinnings, overall structure and details of this new standard as it applies to both lessees and lessors.  Implementation considerations, transition accounting and related topics will be discussed in detail.  Concepts will be reinforced by working examples and case studies.

What You Will Learn

  • Key provisions/changes from existing GAAP
  • How to evaluate contracts that may contain an embedded lease
  • How to allocate consideration between contract components
  • How to measure the lease liability and right-of-use asset
  • Issues to consider in determining an appropriate discount rate
  • Journal entries for initial recording and subsequent remeasurement of leases
  • How to determine the classification of leases as operating versus financing
  • Presentation and expense recognition differences for operating and finance leases
  • Lease reassessment and remeasurement requirements
  • Lessor accounting changes/subleases
  • Presentation and disclosure requirements
  • Transition and implementation issues/accounting policy elections
  • IFRS vs U.S. GAAP differences

What You Should Bring

To customize your Workshop experience and gain the most benefit from this interactive learning experience we recommend you bring examples of lease accounting transactions from your company or a client along with the related disclosures.

Who Should Attend

This Workshop is geared to financial reporting professionals who are involved in lease accounting, review such accounting, or need to understand how lease accounting affects their financial reporting.  In addition, professionals in other areas such as treasury, analysis and operations who need to understand how lease accounting changes will affect financial statements will benefit from this Workshop.

Program Level:
Overview

Intended Audience:
Financial reporting professionals involved in lease accounting, review such accounting, or need to understand how lease accounting affects their financial reporting.  In addition, professionals in other areas such as treasury, analysis and operations who need to understand how lease accounting changes will affect financial statements.

Prerequisites:
A background in financial reporting and accounting.

Advanced Preparation:
None

Credit Details

Schedule & Location