Lease Accounting Complexities: Pitfalls and Potential Shortcuts Webinar

Sep 23
1:00 - 4:30 p.m.

Online

2-A&A; 2-A&A
CPE Credits

Understand how the lease standard addresses reassessment, termination, and impairment. Become familiar with Excel templates to ease the transition to capitalization. Learn how to separate lease and nonlease elements in contracts. Hear how lessor accounting is affected by the revenue recognition standard. Learn practical strategies to deal with related-party, informal leasing arrangements. Appreciate the independence challenges for CPAs in lease implementation. Preview the transition and disclosure implications of the new standard.
Highlights
Lessons learned from public company adoption Lease accounting templates such as FASB’s display approach Implementation issues: software versus spreadsheets Accounting for services in lease contracts Lessor accounting - Limited changes? Renewal, termination, impairment, and other lease-specific issues Transitioning from existing lease accounting and easing the implementation burden Independence challenges in implementing the lease standard Cash and tax basis – When is it a better approach? Income tax consequences of the lease standard

Registration

PICPA Member: $139
Nonmember: $189

More Information

Course No. 770602 Level: Update

Prerequisites: None

Notes
Taught by the course author! Coverage will be updated to reflect the most recently issued official pronouncements. This is a four-credit seminar

Speaker(s)

Ray Thompson

Assoc Professor Accounting & Finance