In this webinar, you will learn practical tips for complying with the new guidelines for this complex area of accounting and reporting. Upon course completion, you will: be able to analyze typical transactions to recognize their lease characteristics and account for and report them in compliance with the new rules.
Join us for a quick study of the new rules by expert speaker Miles Hutchinson, where he will discuss how to do account modification, re-measurement, and termination of a lease.
Session Highlights:
Receive guidance for determining whether an arrangement is or contains a lease
Contrast ASC 842 with IFRS 16
Learn how to account for lease and non-lease components
Understand sale and leaseback transactions under the new rules
Identifying and accounting for leveraged transactions
We will summarize the presentation and disclosure rules for both Lessees and Lessors
Why You Should Attend:
Since FAS #13 was released in November of 1976, lease accounting has been very stable in the USA. However, in 2016 the FASB issued ASC 842 to replace those rules. They go into effect in 2019 for most companies. These new accounting standards change everything.
Who Should Attend:
Advanced Preparation: None
Program Level: Intermediate
Prerequisites: None
Field of Study: Accounting
*You may ask your Question directly to our expert during the Q&A session.
** You can buy On-Demand and view it as per your convenience.
Miles Hutchinson
Mr. Hutchinson is an accomplished businessman, business consultant and course leader specializing in finance, accounting and taxation. He excels at sharing these complex topics in a crystal clear manner. He is also proficient in sales & use taxation, payroll taxation, public speaking, problem solving, negotiating, time management, computer applications, technical documentation and facilitation.
As a Chartered Global Management Accountant, Miles has amassed a multi-disciplined approach to client consulting over the past 40 years. With increasing responsibilities in jobs ranging from independent financial auditor with PriceWaterhouseCoopers to Chief Financial Officer of a one billion-dollar real estate development company, Miles brings a seasoned, diverse and creative viewpoint to your situation and draws on that experience to bring you the best solution. He has facilitated customized public and onsite business consulting/training sessions and presented over 2500 presentations on a myriad of business topics. He has designed, developed, implemented and monitored complete business systems conversion and documentation projects. Miles will help you debunk the chaos and organize your thoughts and quickly gain clarity with your most difficult challenges.
Edupliance is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.For more information regarding administrative policies such as complaint and refund, please contact our offices at 844- 810-1151. PLEASE NOTE: To receive credit through the NASBA for this program you MUST attend the Live program in its entirety and complete the required progress checks.
Number of CPE Credits Awarded for This Course: 1.5 (Accounting - 1.5)
Delivery Method: Group Internet Based