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Date / Time / Location

Tuesday, March 19, 2019
8:30 AM - 4:30 PM
Registration: 8:00 AM

NJCPA Education Center425 Eagle Rock Avenue,
Roseland, NJ 07068
973-226-4494

CPE Credits

  • 8.00 CPE Credits in AA

Pricing

  • $379.00 - Non Member
  • $279.00 - Member

AICPA members receive a discount of $30 for this event.

Course Developer

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. In addition, this course addresses the business context of implementing the new standard by identifying key factors for managing this significant change.

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
  • Lease Modifications
  • Sale and leaseback transactions
  • Presentation, disclosure, and transition requirements
  • Comparison of the requirements of U.S. GAAP and IFRS
  • Private company consideration
  • The business context for implementing the new standard

Prerequisites

Experience in the application of accounting standards.

Advance Preparation

None

Additional Notes

  • *AICPA members deduct an additional $30 from applicable price.

Course materials will be distributed electronically. To access, visit your My Events Page. Download to your laptop or tablet prior to the program. Handouts are added as received.

Pre-Registration Closed

Online pre-registration for this event is now closed.

Daryl Krause

Daryl G. Krause, CPA
AICPA/Professional Development Institute

Daryl G. Krause, CPA DG Krause LLC / Columbus, Indiana Mr. Krause has CPA Certifications and he practices in: Illinois, Indiana, Kentucky, Michigan, Ohio and Wisconsin as Manager & CEO of his firm, which he founded in 2005. Previously he enjoyed 23 years of diversified responsibilities with Ernst & Young. Industries he served included manufacturing, construction, real estate and financial services. Daryl was the Ohio Valley Area Director of Employee Benefit Plan Services specialty audit practice for 8 years responsible for the technical accuracy and quality of over 300,000 hours of employee benefit plan audit effort. Roles included sign-off partner for approximately one third of the entire area's engagements, independent reviewer on approximately 100 additional plans per year and technical advisor for all work. As Senior Manager in the Entrepreneurial Services group for 3 years he managed a portfolio of corporate audit client relationships. Roles included providing SEC reporting assistance to new public companies, assisting in due diligence on potential acquisitions and helping companies improve their controls and financial reporting processes. He served in E&Y's National Professional Development group as a Senior Manager for 5 years. Roles included designing, developing and delivering core curriculum Audit and Entrepreneurial Services training programs for the entire U.S. practice. Part of the 11 member team that completed the development effort to introduce the Ernst & Young Audit Approach training for Staff through Partner following the Ernst & Whinney and Arthur Young merger, which was deemed a critical success factor for the newly formed Ernst & Young. 08-2010 LH

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Pre-Registration Closed

Online pre-registration for this event is now closed.