Leases: Mastering the New FASB Requirements WEBCAST

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LEAS-WEB  |  Webcasts & Webinars  |  Intermediate  |  Scheduled

Special Notes

  • Please note: You may also attend this program in person at the ISCPA Enrichment Center. Register for in person seating HERE.

Curriculum

  • Accounting & Auditing

Prerequisites

Experience in the application of accounting standards.

Designed For

Accountants in public accounting and business and industry

Objectives

To examine the core principles of the new lease standard, including identification, recognition, measurement, presentation and disclosure requirements. Examples are included to illustrate application of the new standard.

Highlights

  • Lease classification.
  • Amortization of the lease asset.
  • Derecognition of the underlying asset.
  • Recognition of lease receivables:
    • Lease modifications.
    • Sale and leaseback transactions.
    • Presentation, disclosure and transition requirements.
    • Comparison of the requirements of US GAAP and IFRS.
    • Private company consideration.
Your Price: $380.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations.

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Instructors

Lee Klumpp

Show Bio

Lee has more than 20 years of accounting experience and specializes in working with nonprofit organizations. As a major contributor to BDO’s Institute for Nonprofit Excellence, he monitors current accounting, auditing, governance and finance issues affecting nonprofit organizations. Lee also consults with BDO clients, engagement teams and others around the country on various topics related the Single Audit Act and the OMB’s Uniformed Administrative Guidance (Supercircular).

He recently completed a fellowship with the Financial Accounting Standards Board (FASB) where he acted as a project manager focusing on emerging practice issues affecting the nonprofit industry.

Lee spends an extensive amount of time researching, writing, and disseminating information related to recent accounting and auditing pronouncements promulgated by the FASB, the Government Accounting Standards Board (GASB), the Office of Management and Budget (OMB), the Government Accountability Office (GAO), the Auditing Standards Board (ASB), and other organizations that provide guidance to the nonprofit industry. Lee is an accomplished speaker and has presented on various nonprofit accounting, auditing, internal control, governance, financial reporting, and single audit issues.

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