April 16, 2025

Webinar

8 CPE

Webinar (AICPA): Leases: Mastering the New FASB Requirements

April 16, 2025
Webinar
8 CPE

Webinar (AICPA): Leases: Mastering the New FASB Requirements

  • Instructor

    Daryl
    Krause

  • FASB ASC 842, *Leases*, standards decoded By learning essential information about lease accounting requirements, you’ll understand the core principles of the standards and how to apply them. You’ll explore topics, such as:
  • Identification
  • Recognition
  • Measurement
  • Presentation and disclosure requirements Deliberate application of lessee accounting model You’ll also learn about classifying leases, the amortization of the right-of-use asset, and the interest on a lease liability. Additional topics include:
  • Short-term leases
  • Purchase options
  • Variable lease payments
  • Sale and leaseback transactions
  • Leveraged leases

Learning Objectives

  • Recognize arrangements which meet the scope requirements for lease accounting under FASB ASC 842.
  • Recognize lessee accounting requirements for operating leases and finance leases under FASB ASC 842.
  • Recognize lessor accounting requirements for sales-type, direct financing and operating leases under FASB ASC 842.
  • Recognize accounting requirements for lease modifications under FASB ASC 842.
  • Recognize accounting requirements for sale and leaseback transactions under FASB ASC 842.
  • Recognize presentation requirements for lessees and lessors under FASB ASC 842.

Major Topics

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

CPE Credits Available

8 CPE
8
Accounting

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Accounting & Auditing

Prerequisites

Experience in application of accounting standard

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

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  • COCPA Non-Member

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