April 20, 2021 12:30pm – 4:00pm Map & Directions 602-252-4144

Webcast: Examining the New Lease Accounting Standard: More Than Meets the Eye (12:30-4)

Description

Implementing ASU No. 2016-02, Leases (Topic 842) is sure to have a major impact on your balance sheet and potentially on your business as well. This course is a one-stop shop for what you need to know about the upcoming changes to lease accounting.

In this course, we will review how to measure the lease liability and Right of Use asset that will now be recorded on the balance sheet for all leases. We will also tackle the tricky issues of accounting for lease modifications and other lease re-measurement events as well as address the other major provisions of the new standard, including transition. We will also review the income statement treatment of lease expense for all leases for both lessees and lessors and discuss recent FASB implementation guidance. Lastly, the course will cover recently issued amendments to the lease accounting guidance and implementation feedback, and best practices related to the public company adoption efforts of Topic 842.

Location

ASCPA Live Online Webcast
Phoenix, AZ 85034-6617

Registration Time

12:00pm

Fees

Member:
$160
Non-CPA Staff:
$210
Non-CPA Staff (100% club):
$160
Non-CPA Staff (sole proprietor):
$160
Non-Member:
$210
Webcast
Accounting & Auditing
4

Objectives

  • Comprehend and apply the FASB's comprehensive new lease accounting guidance found in ASU No. 2016-02, Leases (Topic 842).
  • Recall operational issues in adopting the new lease accounting standard.

Course Level

Intermediate

Vendor

Surgent McCoy CPE, LLC More With This Vendor

Designed For

Practicing CPAs and their staffs, both in public accounting and business and industry. Controllers, accountants and other financial accounting personnel involved in financial statement preparation and review.

Prerequisites

Experience in financial accounting and reporting.

Event Leaders

Van Wagoner, Marty

Rating: 5.00


Marty Van Wagoner, CPA is a partner at Child, Van Wagoner & Bradshaw, PLLC, (CVB) a firm specializing in national and international SEC clients, subsidized housing entities and taxes. He earned a BA in accounting and an MBA at the University of Utah, after which he went directly to work for KPMG. In his ten years at KPMG he specialized in the audits of manufacturing companies. After KPMG, he worked about a year and a half at placement agencies and then formed his own CPA firm. During that time Van Wagoner did contract work quite consistently with the same individuals; it was decided they formally join forces to create (CVB). His emphasis at CVB is the audit of SEC filing companies with an emphasis on international businesses.


More With Van Wagoner, Marty

Highlights

  • ASU No. 2016-02, Leases (Topic 842),
  • Overall lease accounting guidance.
  • Lessor Accounting 101.
  • Lessee Accounting 101.
  • Detailed review of accounting by lessees and lessors.
  • Sale and leaseback transactions.
  • Transition guidance.
  • Other operational issues.
  • Recently issued updates to the lease accounting guidance.
  • Feedback from the public company adoption of Topic 842.

Related Courses