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Date / Time / Location

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

Ramada Plaza Hotel and Conference Center Cranbury - South Brunswick390 Forsgate Drive, Exit 8A,
Jamesburg, NJ 08831
609-655-4775

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.

Special PricingLearn more

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

Course Level

Intermediate

Prerequisites

Experience in the application of accounting standards.

Advance Preparation

None

Additional Notes

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

Course materials are distributed electronically and we’ve passed the savings along to you - registrants save $20 on all 8-hour seminar pricing. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.

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Daryl Krause

Daryl G. Krause, CPA
AICPA/Professional Development Institute

Daryl G. Krause, CPA DG Krause LLC / Indianapolis, Indiana

Mr. Krause has CPA certifications in several Midwestern states. He practices public accounting as Manager & CEO of his regional CPA firm, headquartered in Indianapolis, Indiana, which he founded in 2005. DG Krause LLC is a member of the AICPA’s Employee Benefit Plan Audit Quality Center and performs employee benefit plan audit services for which Daryl serves as the sign-off partner.

Daryl has led more than 200 CPE programs for the AICPA, Surgent McCoy CPE, LLC, The Ohio Society of CPAs and Indiana CPA Society since 2008. He has led programs in 33 states and the District of Columbia for the AICPA alone, thereby helping thousands of CPAs around the country to maintain their licenses. He leads programs sponsored by State Societies, or Firm or Organization sponsored in-house programs. Chosen by the AICPA to be the Program Leader for the 2016 videotaping of Leases: Mastering the New FASB Requirements, an 8 hour CPE program introducing this critical new accounting topic, which is frequently rebroadcast and he often serves as its monitoring technical expert.

He has performed technical reviews during the development of certain AICPA courses including the 2013 editions of Revenue Recognition, Top 10 GAAP Issues, Internal Control Essentials for Accountants and Auditors and several Employee Benefit Plan related courses. He is the Content Matter Expert of the recently published AICPA Accounting Trends & Techniques Employee Benefit Plans-Best Practices in Presentation and Disclosure - Sixth Edition - 2016 copyrighted publication. Author of several 2016 employee benefit plan-related DG Krause LLC CPE programs offered by the Indiana CPA Society.

Previously he enjoyed 23 years of diversified responsibilities with Ernst & Young. Industries he served included manufacturing, construction, real estate and financial services. Roles included Ohio Valley Area Director of Employee Benefit Plan Services for 8 years, Senior Manager in the Entrepreneurial Services group for 3 years, Senior Manager in National Professional Development group for 5 years, which involved designing, developing and delivering core curriculum Audit and Entrepreneurial Services training programs for the entire U.S. practice.

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