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Tuesday, April 28, 2020 Webcast & Roseland

Leases: Mastering the New FASB Requirements (E2004203)

8:30 AM - 4:30 PM EDT

Registration: 8:00 AM EDT

NJCPA Learning Center

105 Eisenhower Parkway, Suite 300
Roseland, NJ 07068

webcast

Webcast

8.0 CPE Credits in AA

OVERVIEW

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.

INSTRUCTOR

Jeffrey Lieman

Jeffrey Lieman, CPA

AICPA/Professional Development Institute

Mr. Lieman currently heads his own consulting firm, Lieman Associates LLC, in Owings Mills, Maryland. He provides consulting services, contractual assistance services, and training to CPAs, their firms, and their clients. He is recognized nationally as a lecturer for various accounting, auditing, and technology topics and has been quoted in various trade journals. In 2016, he received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills. Mr. Lieman's previous experience included serving as the chief financial examiner for the Maryland Insurance Administration and being a director for Ellin & Tucker, Chartered. He trained staff in many areas of accounting, administration, and consulting. He also served as a senior manager and national trainer with KPMG in Baltimore, Maryland where he developed training materials for staff and instructors. He was elected Chairman of the Year by the Maryland Association of CPAs for chairmanship of the Computer Resources Committee.

PRICING

In-Person Registration

    $279.00 - Member

    $379.00 - Non Member

Webcast: Attend this seminar virtually

    $279.00 - Member

    $379.00 - Non Member

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

Register Today


Note: Online pre-registration will close 24 hours prior to this event.

Registrations will be accepted at the door.

ADDITIONAL OPTIONS

Register as a moderator ($139)

Request a reminder

Print a registration form

COURSE DEVELOPER

American Institute of CPAs