Implementing FASB's New Lease Standard: Examples and Practical Approaches

Aug 21
12:30 - 4:00 p.m.

Hershey Lodge
Hershey - Map

4-A&A
CPE Credits

Grasp the fundamental principles of the contract-based approach to revenue that are set out in ASU 2014-09. Understand how the transition from operating leases to capitalization will affect companies of all sizes. Learn how the balance sheet treatment of leases will alter financial statement numbers, ratios, and loan covenants.
Highlights
  • Asset-based approach to revenue recognition
  • Analyzing contacts and performance obligations
  • Continuous delivery and percent of completion
  • Multiple deliverables and contract separation
  • Disclosures – a different approach
  • Asset-liability approach to leases and its effect on the balance sheet
  • Right-of-use model for lessees and lessors

Registration

PICPA Member: $139
Nonmember: $189

More Information

Course No. 753900

Level: Update

Prerequisites: None

Notes
This is a four-credit afternoon seminar (12:30 - 4:00 p.m.; 12:00 p.m. registration)

Speaker(s)

Ray Thompson

Assoc Professor Accounting & Finance
University of Pittsburgh - Johnstown