October 31, 2022 10:00am – 11:50am Map & Directions 602-252-4144

Webcast: Lessee and Lessor Accounting

Description

This course explains the lessee accounting model, including lease and non-lease components, lease classification, amortization of the right-of-use asset, and interest on the lease liability. This course also explains the lessor accounting model, including transfer of risk, profit recognition, and collectability. Included in this course are detailed illustrated examples with amortization tables and journal entries.

Location

ASCPA Live Online Webcast
Phoenix, AZ 85034-6617

Registration Time

9:30am

Fees

Member:
$75
Non-CPA Staff:
$101
Non-CPA Staff (100% club):
$75
Non-CPA Staff (sole proprietor):
$75
Non-Member:
$101
Webcast
Accounting & Auditing
2

Objectives

When you complete this course you will be able to:

  • Recognize lessee accounting requirements for operating leases and finance leases under FASB ASC 842.
  • Recognize lessor accounting requirements for sales-type, direct financing and operating leases under FASB ASC 842.

Course Level

Intermediate

Vendor

AICPA More With This Vendor

Designed For

Accountants in practice and industry.

Prerequisites

Experience in application of accounting standards.

Event Leaders

Eskin, William I.

Rating: 4.89


Bill is the owner of a consulting group, WIE, Inc., that provides assistance in various accounting and financial fields including construction contractors and real estate developers. Among the services provided include: profit enhancement, forensic & fraud investigations, and expert witness testimony in the areas of GAAP compliance, SSARS compliance, and GAAP compliance, specifically related to identifying and proving CPA malpractice.

Previously, Bill was the Director of Financial Analysis & Investigation for the world's largest surety/fidelity operation. There, he provided financial and accounting assistance and advice to the underwriting and claims functions in addition to performing numerous forensic and fraud investigations related to employee theft and other defalcations.

Bill is an annual speaker at the AICPA National Construction Conference, numerous state CPA societies, as well as many organizations related to GAAP, GAAS, SAARS compliance, and numerous fraud and forensic issues. In addition, each year he assists in the authoring of the AICPA annual Construction Audit Guide Update and Construction Contractors Industry Developments.

Bill has recently authored and published numerous publications related to accounting, auditing, fraud, tax, and other issues.

On four separate occasions, Bill received an Outstanding Discussion Leader of the AICPA award and is a recipient of the AICPA 2014 Outstanding Discussion Leader Award


More With Eskin, William I.

Highlights

  • Lessee and lessor accounting models.
  • Lease and nonlease components.
  • Lease classifications.
  • Initial and subsequent measurement of leases.

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