FASB's New Lease Accounting Standards - 4 Hours
Total Credits: 4.2 including 4.2 Accounting - Technical
- Average Rating:
- 157
- Categories:
- Accounting and Auditing | Industry | Tax
- Faculty:
- Doug Van Der Aa, CPA, JD
- Course Levels:
- Basic
- Duration:
- 4 Hours
- License:
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-sized entities as well. This program will dive into the new standard on leases and address what you need to know now. (Note: FASB has proposed delaying the effective date for private companies.)
Basic Course Information
Learning ObjectivesUpon completion of this course, you will be able to:
- Apply the new financial accounting concepts of leases
- Gain a working knowledge of accounting rules as they relate to leases
- Discuss planning and potential pitfalls
Major Subjects
- Review of accounting standard 2016-02
- What is a lease?
- Recognition and measurement of lease assets and liabilities Impact on
- Lessors and Lessees Disclosures and transition rules
Course Materials
| Important Course Information_Read First (487.5 KB) | Available after Purchase | ||
| FASB's New Lease Accounting Standard Handout (5.7 MB) | Available after Purchase | ||
Faculty
Doug Van Der Aa, CPA, JD Related Seminars and Products
Doug Van Der Aa, CPA, JD, is a lively and energetic speaker on the subject of taxes and ethics, and has extensive experience in leading discussions for conferences, seminars and webinars. He is a highly rated speaker and seminar leader for state CPA societies and other organizations throughout the country.
Van Der Aa has more than 25 years of experience, including tax practice in CPA firms and the practice of transactional business and real estate law as an attorney. His practice concentrated on the tax needs of closely held businesses, with their related pass-through entities, complex individual returns, estates and trusts.
Van Der Aa taught for 10 years as an adjunct instructor and for one year as assistant professor of accounting and taxation for Grand Valley State University’s Seidman College of Business, where he taught in both the undergraduate and MST programs.
Additional Info
Basic Course Information
Advanced PreparationNone
Course Developer
Doug Van Der Aa, CPA, JD
Designed For Practitioners and members in industry seeking a better understanding of the new lease accounting rules.
Yellow Book
No
Original Recording Date
09/2020
Prerequisites None.
Date Added to Catalog
09/2020
Additional Information
Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).Course Registration Requirements Online Registration
Instructional Delivery Method Group Internet Based
Official Registry Statement Business Professionals' Network, Inc. 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
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
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