With the issuance of ASU 2016-02, the FASB overhauled the lease accounting guidance bringing most leases onto the balance sheet. The adoption date for the new standard has arrived and this course will present the basic concepts of the new guidance along with key considerations for how to adopt the new standard and properly report within financial statements.
After completing this course you will be able to:
- Identify how lease guidance has changed with the new standard
- Describe the steps to be taken to identify all leases and account for them under the new standard
- Identify financial statement reporting matters related to leases
CPE: Eligible for 1.2 CPE credits in Accounting
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet-based
Intended Audience: CEOs, CFOs, Accounting Managers.
Speakers: Heather Winiarski, Hal Hunt