FASB's New Lease Accounting Standard (2 hours)

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Apr 30, 2020

Registration: 6:00 AM / Program: 6:30 AM - 8:30 AM

Fees

Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

Description

It's a whole new world for lessees under ASC topic 842. Soon nearly ALL leases will need to be disclosed as a liability on the balance sheet - from buildings right down to autos and copiers. Although the greatest impact will be on large entities, this will affect the financial statements of small and mid-size entities as well. This program will dive into the new standard on leases and address what you need to know now. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Designed For

Practitioners and members in industry seeking a better understanding to the new lease accounting rules effective for private companies in 2020.

Objectives

  • Apply the new financial accounting concepts of leases.
  • Gain a working knowledge of accounting rules as they apply to leases.

Major Subjects

  • What is a "lease"?
  • Recognition and measurement of lease assets and liabilities.
  • Impact on lessors and lessees.
  • Disclosures and transition rules.
  • Effective dates.

This event has already passed. If you have any questions, please contact us at 503-641-7200 or email profdev@orcpa.org.