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Thursday, December 14, 2023 Live Webcast

The Bottom Line on the New Lease Accounting Requirements (E2312722)

12:45 PM - 4:15 PM EST

Registration: 12:30 PM EST

webcast

Vendor Platform

4 CPE Credits in AA

OVERVIEW

Understanding lease fundamentals is essential to applying FASB lease requirements appropriately. As such, you’ll delve into key concepts that define what a lease is, as well as basic lease accounting topics, such as:

DESIGNED FOR

accountants and finance professionals

BENEFITS

  • Recognize arrangements which meet the scope requirements for lease accounting under FASB ASC 842.
  • Recognize lessee accounting requirements for operating leases and finance leases under FASB ASC 842.
  • Recognize lessor accounting requirements for sales-type, direct financing, and operating leases under FASB ASC 842.
  • Recognize presentation requirements for lessees and lessors under FASB ASC 842.

HIGHLIGHTS

  • Lease classification
  • Amortization of the leased asset
  • Derecognition of the underlying asset
  • Recognition of lease receivables
  • COURSE LEVEL

    Intermediate

    PREREQUISITES

    Experience in application of accounting standards

    ADVANCE PREPARATION

    None

    INSTRUCTOR

    Renee Rampulla

    Renee Rampulla, CPA, CGMA
    (4.6)

    Renee is the CEO and managing member of Rampulla Advisory Services. She has more than 30 years of professional experience as well as writes and lectures on technical accounting and auditing issues for continuing professional education (CPE) classes. Her experience in the auditing of public and privately held entities ranges from manufacturing and service sectors to financial services. She previously was a partner in a regional accounting firm in the northeast in charge of the firm’s accounting and auditing practice and quality control group. While working for the American Institute of CPAs (AICPA), she performed professional ethics investigations; collaborated closely with senior technical committees; presented technical guidance before standard setters; and authored and updated several AICPA publications. She is a five-time recipient of the AICPA’s Outstanding Instructor Award and a recipient of the 2016 New Jersey Society of CPAs “Women of Note." Renee is a national standard setter, who currently serves as a member of the AICPA’s Auditing Standards Board (ASB). She also has served as vice president of Professional Issues for the New York State Society of CPAs (NYSSCPA), is a past member of the NYSSCPA Executive Committee and former NYSSCPA Director at Large board member. Renee also served as the chair of the NYSSCPA’s Professional Ethics Committee from 2015 – 2017, and in 2018 was the president of the NYSSCPA’s Staten Island Chapter. She was previously an adjunct lecturer at Hunter College.