Course ID: CL4LEAS

The Bottom Line on the New Lease Accounting Requirements

How do the leasing requirements in the new standard differ from current GAAP? This course addresses that question by focusing on the basic core principles of the new standard. Discussion includes basic identification, recognition, measurement, presentation and disclosure requirements. Case study exercises are included to illustrate application of the new standard. This course discusses the lessee accounting model, including lease classification, amortization of the right-of-use asset, and interest on the lease liability. This course also discusses the lessor accounting model, including profit recognition and collectability.


Learning Objectives

  • Differentiate between requirements under the current and new leases standards.
  • Compare current lease recognition and measurement requirements to those of the new leases standard.
  • Identify presentation and disclosure requirements of the new leases standard.

Major Topics

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


Who Should Attend

Accountants in practice and industry


Fields of Study

Auditing

Prerequisites

Experience in application of accounting standards


Provider

AICPA

CPE Credits

4.0

Level

Intermediate

This course is available for your group as:

 

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To learn more or customize this course for your group, complete this form and a BLI team member will get back with you shortly.


Or, contact BLI: 888-481-3500 or learn@blionline.org
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