December 12, 2024

Webinar

4 CPE

Webinar (AICPA): The Bottom Line on the New Lease Accounting Requirements

December 12, 2024
Webinar
4 CPE

Webinar (AICPA): The Bottom Line on the New Lease Accounting Requirements

  • Instructor

    Daryl
    Krause

  • FASB ASC 842, *Leases* explained Understanding lease fundamentals is essential to applying FASB lease requirements appropriately. As such, you’ll delve into key concepts that define what a lease is, as well as basic lease accounting topics, such as:
  • Contracts containing leases
  • Lease classification
  • Amortization of the right-of-use asset
  • Impairment considerations Lease presentation and disclosure requirements Comprehensive examples and case studies will guide you through approaches to help you adopt accounting guidance for FASB ASU 2023-01. You’ll also review the presentation and disclosure requirements, and other topics, including:
  • Lease versus non-lease components
  • Sales-type lease
  • Direct financing lease
  • Operating lease
  • Lease terminations

Learning Objectives

  • Recognize arrangements which meet the scope requirements for lease accounting under FASB ASC 842.
  • Recognize accounting requirements for lease modifications under FASB ASC 842.
  • Recognition presentation requirements for lessees and lessors under FASB ASC 842.
  • Identify the recognition criteria for sales-type, direct financing, and operating leases.

Major Topics

  • Lease classification
  • Amortization of the leased asset
  • Derecognition of the underlying asset
  • Recognition of lease receivables
  • Lease modifications
  • Sale and leaseback transactions

CPE Credits Available

4 CPE
4
Accounting

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Accounting & Auditing

Prerequisites

Experience in application of accounting standards

Advanced Preparation

This webinar is produced by AICPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Intended Audience

· Accountants and finance professionals

Provider

AICPA - Durham

This event has ended.