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Tuesday, July 25, 2017 Live

Leases: Mastering the New FASB Requirements (E1707163)

8:30 AM - 4:30 PM EDT

Registration: 8:00 AM EDT

NJCPA Education Center

425 Eagle Rock Avenue,
Roseland , NJ 07068

8 CPE Credits in AA

OVERVIEW

Do you know which leases are within the scope of FASB ASC 842, Leases and how to apply the new financial accounting, financial reporting and disclosure requirements of this new major standard? This webcast addresses those questions by examining the core principles of the standard, including identification, recognition, measurement, presentation and disclosure requirements. Examples with journal entries are included to illustrate how to apply the standard.

DESIGNED FOR

Accountants and finance professionals

BENEFITS

  • 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
  • Recognize business factors to consider when implementing FASB ASC 842

HIGHLIGHTS

  • Lease classification
  • Amortization of the lease asset
  • Derecognition of the underlying asset
  • Recognition of lease receivables
  • Lease modifications:
    • Sale and leaseback transactions
    • Presentation, disclosure and transition requirements
  • The business context for implementing FASB ASC 842
  • COURSE LEVEL

    Intermediate

    PREREQUISITES

    Experience in application of accounting standards

    ADVANCE PREPARATION

    None

    INSTRUCTOR

    Leah Donti

    Leah Donti, CMA, M.B.A.

    Leah Donti, CMA, M.B.A., Seminar Leader & Conference Speaker/Montreal, Quebec, Canada

    Leah Donti, an internationally recognized seminar leader in accounting, has been doing seminars full time since 1991 through her seminar business. She conducts in-house training to CPA firms and various companies. As well, she does CPE courses through the CPA societies. She speaks on FASB update, Compilation and Review Update, Fair Value Accounting, IFRS, Fraud, Accounting and Auditing update, SEC and PCAOB update, revenue recognition, and business combinations.

    She also provides proprietary prep seminars for IQEX exam which is a reciprocity exam to become a US CPA.

    Prior to beginning her private practice in 1991, Ms. Donti worked for a major information management consulting organization, where she provided training to offices across North America. She also worked with an accounting software firm, offering accounting education courses to clients on site. In addition, she held positions in internal audit and accounting with Canadian Pacific, one of the largest company’s in Canada, dual listed in Toronto and New York.

    In 2010 to 2017 Leah Donti has received the AICPA Outstanding Discussion Leader Award for her practical approach, enthusiasm, and lively seminars.