How do the leasing requirements in the new standard differ from current GAAP? This seminar addresses that question by examining the core principles of the new standard, including identification, recognition, measurement, presentation and disclosure requirements. Examples are included to illustrate application of the new standard. This course explains the lessee accounting model, including lease classification, amortization of the right-of-use asset, and interest on the lease liability. Hear about the lessor accounting model, including transfer of risk, profit recognition, and collectability. Additional topics include short-term leases, purchase options, variable lease payments, and sale and leaseback transactions.
Designed For
Accountants in practice and industry.
Benefits
- Identify a lease under the new leases standard
- Identify recognition and measurement requirements of the new leases standard
- Identify presentation and disclosure requirements of the new leases standard
Highlights
- Lease classification
- Amortization of the lease asset
- Derecognition of the underlying asset
- Recognition of lease receivables
Prerequisites
Experience in the application of accounting standards.
Advance Preparation
None
Additional Notes
- *AICPA members deduct an additional $30 from applicable price.
NJCPA Goes Green - Registrants Save $20
New for 2018, course materials will be distributed electronically and we're passing the savings along to you. All 8-hour seminar pricing has been reduced by $20. To access, visit your My Events page. Download to your laptop or tablet prior to your seminar. Handouts are added as received - remember to check back for updates.
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 | Leah Donti, CMA, M.B.A. |
Leah Donti, CMA, MBA
Individual Practitioner/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, fair value accounting, IFRS, variable interest entities, accounting and auditing update, SEC and PCAOB update, revenue recognition, business combinations, compilation and reviews. She also provides proprietary prep seminars for accounting examinations (CPA, IQEX, CMA and CGA).
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 cost accounting with Canadian Pacific, one of the largest company’s in Canada. In 2010, 2011 and 2012, and 2013 Leah Donti received the AICPA Outstanding Discussion Leader Award.
Pre-Registration Closed
Online pre-registration for this event is now closed.