NEW! 4-Hour Program (Great industry course)
WHY ATTEND THIS COURSE?
After years of discussion, FASB finalized a new lease standard (ASU 2016-02, Topic 842) that makes significant changes in lessee accounting and disclosure. Lessor accounting is virtually unchanged from prior guidance. Effective in 2019 (or 2020 for nonpublic companies), most long-term leases will be capitalized on the balance sheet as right of use (RoU) assets and lease payment liabilities.
This 4-hour program will cover lease definition, lease classification, lease accounting, and lease disclosures for both lessees and lessors. It will also illustrate the accounting for finance and operating leases for both lessees and lessors. Related business implications of the new lease standard will also be addressed.
Financial professionals in companies that are lessees or lessors, as well as auditors with clients that are lessees or lessors.
Participants will be able to:
COURSE ACRONYM: LAT4
PRESENTATION METHOD: Group-live
LEVEL OF KNOWLEDGE: Basic
ADVANCE PREPARATION: None
FIELD OF STUDY: Accounting
RECOMMENDED CPE CREDIT: 4 hours
SmartPros®, A Kaplan Company and Loscalzo Institute, A Kaplan Company are 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: www.nasbaregistry.org.