Available dates

Dec 11—12, 2019
2 days
New York, New York, United States
USD 1895
USD 947 per day

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About the course

The new US GAAP lease accounting standards fundamentally changes the rules that govern accounting and reporting for almost all leases, including property, plant and equipment leases.

This two-day seminar will cover major areas of change from the existing leasing standard, and explain the new standard, its logic, its implications, and the problem areas that concern the constituents. Participants will gain an understanding of the complexities of the new standard as well as how to apply it effectively in their own organizations.

LIMITED TIME OFFER:

In conjunction with your registration, participants will automatically be enrolled into Leases Identification, Components, and Key Concepts (Topic 842). The completion of this complimentary, CPE-eligible self-study will allow for all participants to attend the course with equivalent advance knowledge.

In addition, registrants of New Lease Accounting will receive a 50% discount on the remaining courses within the Leases (Topic 842) web-based training series. Instructions for redeeming this offer will be provided in the registration confirmation email that you will receive upon registering for the course.

Agenda

Four types of accounting for contractual commitments for property, plant, and equipment

Commitments that stay off the balance sheet

  • Contracts that are not leases
  • Short-term contracts

Commitments that are on balance sheet

  • Operating leases
  • Finance leases

Lessor accounting

  • Interaction with revenue recognition rules
  • Elimination of the distinction between real estate leases and other leases
  • Elimination of leveraged leases

Detailed topics

  • Allocating consideration to lease and non-lease components
  • Lease payments
  • Discount rate
  • Lease term
  • Impairments of right of use asset
  • Modifications
  • Subleases
  • Sale-leaseback accounting
  • Build-to-suit leases
  • Real estate leases
  • Policy elections
  • Effective date and transition approach
  • Disclosures

Trust the experts

Dan Gode

Dan is the founder of Almaris Consulting and Training. He brings in 25 years of extensive experience in consulting and training in accounting, financial statement analysis, business drivers, modeling. valuation, and credit risk analysis. He has worked with over numerous corporations, investment b...

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