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Leases: Mastering the New FASB Requirements

 Fri, 10/19/2018 from 8:00 am to 3:30 pm
 Fairfax
 
8.0
19 / 3-702
Hot Event
Registration Status: CLOSED -- Please contact the VSCPA at [email protected] or (800) 733-8272 for availability.
Member Price
$399.00 Regular Registration
Your Price
$499.00 Regular Registration
Designed For:

Identify a lease under the new leases standard. Identify recognition and measurement requirements of the new leases standard. Identify presentation and disclosure requirements of the new leases standard.

Prerequisite:

Experience in the application of accounting standards

How do the leasing requirements in the new standard differ from current GAAP? This course addresses that question by examining the core principles of the new standard, including identification, recognition, measurement, presentation and disclosure requirements. Review the lessee accounting model, including lease classification, amortization of the right-of-use asset, and interest on the lease liability. Also explore the lessor accounting model, including transfer of risk, profit recognition and collectability. Additional topics include short-term leases, purchase options, variable lease payments, and sale and leaseback transactions.

Delivery Method: Group-live
CPE Credit: Accounting
Program Level: Intermediate

Related Events

The Virginia Society of CPAs (VSCPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org.

For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.