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Wednesday, December 15, 2021 Live Webcast

Examining the New Lease Accounting Standard: More Than Meets the Eye (E2112342)

9:00 AM - 12:30 PM EST

Registration: 8:30 AM EST

webcast

Vendor Platform

4.0 CPE Credits in AA

OVERVIEW

Implementing ASU No. 2016-02, Leases (Topic 842) is sure to have a major impact on your balance sheet and potentially on your business as well. This course is a one-stop shop for what you need to know about the upcoming changes to lease accounting. In this course, we will review how to measure the lease liability and Right of Use asset that will now be recorded on the balance sheet for all leases. We will also tackle the tricky issues of accounting for lease modifications and other lease re-measurement events as well as address the other major provisions of the new standard, including transition. We will also review the income statement treatment of lease expense for all leases for both lessees and lessors and discuss recent FASB implementation guidance. Lastly, the course will cover all recently issued updates to the lease accounting guidance in Topic 842.

This course features a live instructor and has been specifically designed for the NJCPA.

DESIGNED FOR

Practicing CPAs and their staffs, both in public accounting and business and industry -- controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review.

BENEFITS

  • Comprehend and apply the FASB’s comprehensive new lease accounting guidance found in ASU No. 2016-02, Leases (Topic 842)
  • Recall operational issues in adopting the new lease accounting standard

HIGHLIGHTS

  • ASU No. 2016-02, Leases (Topic 842)
  • Overall lease accounting guidance
  • Lessor Accounting 101
  • Lessee Accounting 101
  • Detailed review of accounting by lessees and lessors
  • Sale and leaseback transactions
  • Transition guidance
  • Other operational issues
  • Recently issued updates to the lease accounting guidance
  • Feedback from the public company adoption of Topic 842

COURSE LEVEL

Intermediate

PREREQUISITES

Experience in financial accounting and reporting.

ADVANCE PREPARATION

None

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. Since 2016, he has 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

$189.00 - Member

$264.00 - Nonmember

Register Today


Note: Online pre-registration will close on December 15 at 9:00 AM.

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COURSE DEVELOPER

Surgent