The Impact of Lease Changes: ASU 2016-02 (Currently Unavailable)
Author: Pat Patterson
| CPE Credit: |
2 hours for CPAs |
Review new FASB Pronouncement ASU 2016-02, Leases (Topic 842) up to the date of the course. This presentation will inform participants of the latest issues from the FASB and the Private Companies Council regarding leases. The FASB and PCC agendas and projects are discussed for their expected applications in the lease field. The participants will hear about new FASB pronouncements and the impact on lessees and lessors. Any correlations to the IFRS and its new lease standard will be reviewed.
Publication Date: June 2020
Designed For
Professionals in public practice, industry, government, and education who deal with entities with or expecting to have leases and wish to stay current on professional accounting standards regarding leases.
Topics Covered
- Selected Accounting Standards Updates (ASUs)
- Some Tax Considerations
- Financial and Metric Impact
- Impact on Lessors' Financials — Lessor Table
- Conclusions for the Future
Learning Objectives
- Identify updates to accounting standards for leases from the FASB
- Recognize a review of the impact that leases will have
- Identify FASB's focus on the future
- Describe which types of transition approach is generally used for the new lease standard
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
None
Advance Preparation
None
