Virtual Lease Accounting Implementation

You Pay: $249.00
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This course is 4.00 credits
Instructor
Sal Collemi
Field of Study
Accounting
Course Level
Basic
Vendor
Kaplan CPA Education

Instructor

Sal Collemi

Registration Fees

MSCPA-AICPA Member
$199.00
MSCPA Member
$199.00
AICPA Member
$249.00
Non-Member
$249.00
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Friday, Jun 4, 2021
8:45am – 12:15pm

This program focuses on a lessee's initial application of Topic 842 to existing leases, which will require the immediate attention of nearly every nonpublic reporting entity. In this practical, hands-on workshop, participants will learn how to apply "Day 1 accounting" under Topic 842 to their identified transition population of leases.

Designed For

CPAs, accountants, and other financial professionals in industry who have a role in helping their organizations transition to Topic 842.

Course Objectives

Participants will be able to:
  • Describe the term of each transition-population lease
  • Determine the relevant remaining payments associated with each lease in the transition population
  • Calculate the initial liability for each operating lease in the transition-population
  • Determine the initial accounting adjustments for each transition-population lease
  • Document a lessee's initial application of Topic 842

Major Subjects

  • Managing the risks of material misstatements
  • Time-saving practical expedients
  • Calculating present value for a lease's remaining payments
  • Examples of documentation that will avoid internal-control deficiencies and maximize audit efficiency

Prerequisites

Prior exposure to lease accounting as a lessee or lessor will be helpful

Registrants

+ $249.00

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