Conferences Presenting

Alaska Cruise Conference
July 28, 2018
3:00PM - 5:50PM
Rod Redding, Inactive CPA
Live Event
3
Basic
Accounting
There are no prerequisites for this course

Course Description

In response to concerns of off-balance sheet financing by the SEC, the FASB has issued new guidance for accounting for leases. The new lease standard requires lessees to record leased assets and liabilities of all leases greater than twelve months. We'll review how to identify and classify leases, recognition, and measurement of leases. Lessor accounting guidance, presentation in the financial statements, and transition issues will also be discussed. Examples of applying the standard will ensure you understand this significant change to financial reporting for leases.



Course Specifics

Accounting
There are no prerequisites for this course
LE1181014P2
None


Compliance Information

103220
Qualifies for CA Fraud: No


Learning Objectives

After completing this course, you will be able to:

  • Recognize the types of leases under the new lease guidance and the criteria for determining the type of lease.
  • Recall the recognition and measurement guidance for leases.
  • Discuss the presentation, disclosure, and transition guidance for both revenue recognition and lease accounting.
  • Cite examples and illustrations to help understand the guidance for revenue recognition and lease accounting.


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