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Leases: Mastering the New FASB Requirements

 Wed, 11/14/2018 from 9:00 am to 5:00 pm
19 / 2-91461
Registration Status: CLOSED -- Please contact the VSCPA at [email protected] or (800) 733-8272 for availability.
Member Price
$249.00 Regular Registration
Your Price
$319.00 Regular Registration
Designed For:

LEARNING OBJECTIVES When you complete this webcast, you will be able to: 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.


Experience in application of accounting standards

How do the leasing requirements in the new standard differ from current GAAP? This webcast addresses that by examining the core principles of the new standard, including identification, recognition, measurement, presentation and disclosure requirements. In this webcast, we provide you with examples to illustrate application of the new standard. We will also explain the lessee accounting model, so you understand lease classification, amortization of the right-of-use asset and interest on the lease liability. Likewise, you will 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: Individual webcast
CPE Credit: Accounting
Program Level: Intermediate

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.