Understand the core principles of the new leases standards, including identification, recognition, measurement, presentation and disclosure requirements.
NASBA Field of Study
Daryl G. Krause
This webcast addresses those questions by examining the core principles of the standard, including identification, recognition, measurement, presentation and disclosure requirements. Examples with journal entries are included to illustrate how to apply the standard.
Additionally, you will learn:
The lessee accounting model, including lease classification, amortization of the right-of-use asset, and interest on the lease liability
The lessor accounting model, including transfer of risk, profit recognition and collectability
Short-term leases, purchase options, variable lease payments, and sale and leaseback transactions
The business context of implementing the new standard by identifying key factors for managing this significant change
Group ordering for your team
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