New FASB requirements for the accounting for leases was released in February 2016. This course covers the nuances of the pronouncement including the history of the project, reasons for the final decisions, and how to actually apply the new standards.
Join presenter Jeff Sailor as he features examples blended with his unique brand of humor through his parody videos. If you want to learn about the new standards without falling asleep, then this is the course for you!
Upon successful completion of this course, participants will be able to:
- Recognize the reasons FASB 842 has been implemented, and understand who is affected and when is the effective date.
- Identify lease contracts and the types of leases.
- Cite the recognition, measurement, and presentation requirements for both the lessee and the lessor.
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