Criteo – Leases Before and After New U.S. GAAP: Case Studies of the Impact of Applying Changes in Lease Accounting and Financial Reporting
Description
The proper treatment of leases in the financial statements can already be very complex and confusing, and now lease treatment is changing with ASU 2016-02. This course will take an illustrative example approach to clearly demonstrate the impact of changing accounting and financial reporting requirements under U.S. GAAP. (Available in 2 or 4 hour format)
Learning Objectives
Describe critical concepts in current U.S. GAAP related to leases
Explain the changes in lease accounting and financial reporting as a result of ASU 2016-02 (Topic 842)
Apply tips for getting ready for implementing the new lease standard
Major Topics
Identifying lease agreements under the old and new rules
Determining finance vs. operating lease classification for both lessees and lessors under the old and new rules
Illustrative debits and credits of lease accounting under the old and new rules
Examples of presentation and disclosure under the old and new rules
Tips for preparing to implement the new lease rules
Provider
Business Learning Institute
Course Level
Basic
Professional Area of Focus
Accounting & Auditing
CPE Field of Study
Accounting
4.0
Who Should Attend
Public and industry accountants who need to evaluate the proper accounting and financial reporting treatment of leases
