Lease Accounting Workshop

You Pay: $379.00
MSCPA Members save $100.00 on this course. Login or Join to take advantage of these savings.
This course is 8.00 credits
Instructor
Kenn Heaslip
Facility Name
Four Points by Sheraton Norwood
Facility Address
1125 Boston Providence Tpke
PO Box 9102
Norwood, MA 02062-5001
Field of Study
Accounting
Course Level
Basic
Vendor
Loscalzo Institute

Instructor

Kenn Heaslip

Kenneth Heaslip, MS, MBA, CPA, CGMA is a discussion leader and group practice leader in Professional Ethics for Loscalzo Associates Ltd. With extensive experience teaching all levels of accounting, auditing and in other practice related areas, Heaslip has served as vice president and trustee of the New Jersey Society of CPAs, secretary of their Scholarship Fund and president of the Essex Chapter. Addtionally, he is an active member of several Society committees in taxation and student programs and is past chair of the State Educators Committee.
Return to Instructor List

Registration Fees

MSCPA-AICPA Member
$279.00
MSCPA Member
$279.00
AICPA Member
$379.00
Non-Member
$379.00
Return to Course List

Thursday, Nov 7, 2019
8:45am – 4:30pm

FASB's new lease standard (ASU 2016-02, Topic 842) makes significant changes in lessee accounting and disclosure. Lessor accounting only has minor changes from prior guidance. Effective in 2019 (or 2020 for nonpublic companies), most long-term leases will be capitalized on the balance sheet of lessees as right of use (ROU) assets and lease payment liabilities. This 8-hour program will take a deep dive into lease accounting based on the new guidance covering all aspects of lessee and lessor accounting and disclosures. It will also illustrate the accounting for finance and operating leases for both lessees and lessors and discuss related business implications of the new lease standard. A number of workshop cases are included for application and discussion purposes.

 

This seminar qualifies for the Workforce Training Express Fund program. The course code for this program is 1121337  Click here for more details: https://www.mscpaonline.org/cpe/training_fund

Designed For

CPAs, accountants, and financial professionals in companies that are lessees or lessors, as well as auditors with clients that are lessees or lessors.

Course Objectives

Participants will be able to:  Describe the new lease terminology including finance and operating leases  Define a lease contract  Identify and describe the recognition and measurement techniques for right of use (ROU) assets and lease payment liabilities  Through the use of workshop cases, develop the expertise necessary to account for finance leases and operating leases by both lessees and lessors following the new lease guidance

Major Subjects

MAJOR SUBJECTS  Definition of a lease  Searching for embedded leases in contracts  Operating leases  Finance leases including lease classification  Allocating consideration to lease components and non-lease components  Identifying the proper lease term  Interaction with revenue recognition rules  Lease modifications and terminations  Transition guidance  Disclosures

Prerequisites

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

Registrants

+ $379.00

Search for and register other people in our database:

Add Person
Click above and type the first 3 letters of the person's name to search. Search may take 2-5 seconds.

Confirm E-Materials Only

One or more individuals have "e-materials only" selected and will not receive a hard copy for courses indicated. Please confirm this choice by pressing “Confirm” or press "Cancel" and unselect “No hard copy” to receive a hard copy.

Can't find the right person? Add them to our database

Printer-friendly registration form

You may also be interested in:

Professional Ethics Update 4.00 credits

Tuesday, Dec. 17th 2019 | Framingham 4.00 credits
View Details

2019 FASB and AICPA Update 8.00 credits

Monday, Dec. 16th 2019 | Natick 8.00 credits
View Details

Professional Ethics Update 4.00 credits

Friday, Sep. 27th 2019 | Norwood 4.00 credits
View Details