Leases: Lessor & Effective Date and Transition (Topic 842-30)

Course Details

Date

Tuesday, March 26, 2019

8:00am – 10:00am
(Registration: 7:30am)

Field of Study

Accounting

Course Number

4183309C

CPE Credit

2.0 hours CPE credit

Level of Knowledge

Overview

Vendor

CalCPA Education Foundation

Prerequisites

Leases: Is It a Lease? and Leases: Lessee

Description

This course, the final segment in a three-course series, concentrates on the new Topic 842, Leases.

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.

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.

Highlights

  • FASB ASC 842, Leases
  • All recently released updates to ASC 842, Leases

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.

Designed For

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

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$60.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$94.00
Your Price $94.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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