CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Practical Approaches to Implementing the New Lease Accounting Standards

Icon_Webcast
Webcast
Icon_Level
Update
Credits
CPE Credits
4 Credits: Accounting

Course Description

This course will guide preparers and accountants in public practice and industry, who need to understand how the new leasing rules will affect their key accounting numbers. Accountants who deal with financial institutions will identify lease accounting challenges, asset-liability, balance sheet and changes on covenants. Participants will also understand the right-of-use approach model, renewals, termination, and other lease specific issues, including practical strategies to reduce the burden of implementation.

Learning Objectives

  • Gain an understanding of how the transition from operating leases to capitalization will affect companies of all sizes.
  • Study the fundamental principles of the right-to-use model for capitalizing leases.
  • Distinguish which lease contracts are scoped into and out of the standard.
  • Learn how the balance sheet treatment of leases will alter financial statement numbers, ratios, and loan covenants.
  • Become familiar with the right-of-use, present value model for capitalizing leases.
  • Preview the transition and disclosure implications of the new standard.

Course Specifics

Course ID
WC1120234100
Revision Date
December 29, 2020
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

Course Instructor

Ray Thompson Headshot
Ray Thompson, CBA, CFM, CMA

Dr. Ray Thompson, CBA, CFM, CMA, is an emeritus associate professor of accounting and finance at the University of Pittsburgh. He served as department head at the University of Pittsburgh at Johnstown (UPJ) campus for over 25 years. He was the associate director of UPJ’s Entrepreneurial Development Assistance Project, where he was involved in financial consulting and assisting in preparing loan proposals for small business start-ups. He has taught in graduate and undergraduate business programs in Europe, Africa, and the United States. Ray received his BS and MS degrees in economics and systems dynamics from the University of Bradford in …

Ray Thompson, CBA, CFM, CMA Read More »

Practical Approaches to Implementing the New Lease Accounting Standards

Expert Instructors
CPE CREDITS
4 Credits: Accounting

$196.00


Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET.
This webcast is 4 hours in length so you must start it before 04:00 pm ET.
Start within 5 hour(s) and 01 minutes to watch today.

Icon_Webcast
Webcast
Icon_Level
Update
Credits
CPE Credits
4 Credits: Accounting

Course Description

This course will guide preparers and accountants in public practice and industry, who need to understand how the new leasing rules will affect their key accounting numbers. Accountants who deal with financial institutions will identify lease accounting challenges, asset-liability, balance sheet and changes on covenants. Participants will also understand the right-of-use approach model, renewals, termination, and other lease specific issues, including practical strategies to reduce the burden of implementation.

Learning Objectives

  • Gain an understanding of how the transition from operating leases to capitalization will affect companies of all sizes.
  • Study the fundamental principles of the right-to-use model for capitalizing leases.
  • Distinguish which lease contracts are scoped into and out of the standard.
  • Learn how the balance sheet treatment of leases will alter financial statement numbers, ratios, and loan covenants.
  • Become familiar with the right-of-use, present value model for capitalizing leases.
  • Preview the transition and disclosure implications of the new standard.

Course Specifics

Course ID
WC1120234100
Revision Date
December 29, 2020
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

Course Instructor

Ray Thompson Headshot
Ray Thompson, CBA, CFM, CMA

Dr. Ray Thompson, CBA, CFM, CMA, is an emeritus associate professor of accounting and finance at the University of Pittsburgh. He served as department head at the University of Pittsburgh at Johnstown (UPJ) campus for over 25 years. He was the associate director of UPJ’s Entrepreneurial Development Assistance Project, where he was involved in financial consulting and assisting in preparing loan proposals for small business start-ups. He has taught in graduate and undergraduate business programs in Europe, Africa, and the United States. Ray received his BS and MS degrees in economics and systems dynamics from the University of Bradford in …

Ray Thompson, CBA, CFM, CMA Read More »

Practical Approaches to Implementing the New Lease Accounting Standards

Expert Instructors
CPE CREDITS
4 Credits: Accounting

Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET.
This webcast is 4 hours in length so you must start it before 04:00 pm ET.
Start within 5 hour(s) and 01 minutes to watch today.

$196.00