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ADDRESS: 901 Dulaney Valley Road, Suite 800
Towson, MD 21204
PHONE: 888-481-3500
FOLLOW BLI:
Leases — Getting Ready for Fundamental ChangesCOURSE ID: LEASCHNG
DESCRIPTION

The FASB and IASB began a joint project on lease accounting in 2007. In 2013, they each issued a second round of exposure drafts, and key elements were debated right up to the issuance of ASU 2016-02. But despite the many course corrections that have occurred, the boards key objective, to bring most leases on the balance sheet, has been met. The questions that this course will help you answer, is how that will happen, how best to manage the transition to the new standard, and how best to structure lease contracts with financial reporting considerations in mind. (Available in 4-8 hour format)

DESIGNED FOR: Finance and accounting professionals who seek to learn the basics of new ASC Topic 842, key details, transition alternatives, and how it will affect their company’s balance sheet and bottom lineFIELD OF STUDY: AccountingLEVEL: IntermediatePREREQUISITES: Basic knowledge of accountingCOURSE PRODUCER: Business Learning InstituteCREDITS: 8.0OBJECTIVES:
  • Upon completion of this course, participants will:
  • Identify how the new standard will affect accounting entries made by lessees and lessors
  • How to manage the transition to the new standard
  • Recognize how the new standard will affect your company’s balance sheet, bottom line and decision-makers
HIGHLIGHTS:

* Overview and background * “Leases” within the scope of the new standard * Initial measurement and balance sheet presentation * Lease classification criteria and subsequent measurement * Special considerations including: leveraged leases, synthetic leases and sale-leasebacks * Presentation and disclosure * Business implications * Transition planning.

Download the 2016 Business Learning Institute Course Catalog DOWNLOAD PDF
Business Learning Institute - Course Catalog
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