Leases: Lessor & Effective Date and Transition (Topic 842-30) Webcast | 4173309B

Instructors

Date :
January 23, 2018 11:00 AM - 1:00 PM
Location :
Webcast
Facility :
Webcast Rebroadcast
Level of Difficulty :
Overview
Member Price :
70.00
Nonmember Price :
94.00
CPE Credits :
CPE 2.00, AA 2.00
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Leasing is a popular form of capital investment for corporations, including everything from office space to equipment. The FASB has now released Topic 842, Leases, a major rewrite of the leasing topic.

This course, the final segment in a three-course series, concentrates on the new Topic 842, Leases. Address the leases from the perspective of a lessor and the effective date and transition for both the lessor and lessee. The course assumes the knowledge of the first course, Leases: Is It a Lease? and the second courses, Leases: Lessees.

The effective date for nonpublic entities is annual reporting periods beginning after December 15, 2019. However, early application is permitted. Help your clients and companies be prepared for adoption before it becomes a last-minute effort.

Materials are provided as an ebook for this course.

Objectives:

  • Recognize the lease at commencement under sales-type, direct financing, and operating leases, from the perspective of a lessor.
  • Calculate the subsequent measurement under sales-type, direct financing, and operating leases, from the perspective of a lessor.
  • Describe the presentation of the leases in the financial statements.
  • Identify the effective date for public and nonpublic entities.
  • Describe the transition requirements for both lessees and lessors.

Major Subjects:

FASB ASC 842, Leases

Advanced Prep:

None.

Misc. Information:

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Level of Difficulty:
Overview
Field of Interest:
Accounting
Prerequisites:

Leases: Is It a Lease? and Leases: Lessee

Designed For:

CPAs, auditors, consultants, and financial and management professionals.

Instructors

Bobbe Barnes, CPA

Bobbe Barnes is an educator and consultant with international experience in professional certification, governmental accounting and accounting Training of Trainers (TOT) programs. She has worked with the Philippines’ SEC on an Asian Development Bank (ADB) project and completed a World Bank assignment with the Institute of Chartered Accountants in England and Wales (ICAEW) training Nigerian SEC staff in International Financial Reporting Standards (IFRS). Previously, Barnes was program director of the Accounting Training Center at Kabul University and regional director of accounting education on a USAID-funded accounting reform project implemented by The Pragma Corporation in 10 countries, including five Central Asian countries plus Azerbaijan, Belarus, Moldova, Russia and Ukraine. In China, she analyzed the existing environment for CPA certification and continuing professional education against international education standards for both accounting and auditing.

Barnes has taught IFRS, US GAAP and XBRL courses worldwide through various training providers including Euromoney Training and Finansto. She also consults and conducts workshops on accounting and finance topics through her firm, Acumen Global Training, LLC. Previously, Barnes was on the faculty of the University of Texas at Austin and the University of Colorado. In addition, she served as editor-in-chief for Conviser Duffy CPA Review before its purchase by Becker CPA Review. Barnes started her career with PricewaterhouseCoopers in Toronto where she was a prize-winner on the Chartered Accountants examinations. She holds a master’s degree in professional accounting from the University of Texas at Austin and a bachelor’s degree in economics from the University of Rochester.

No Agenda or Materials posted.