New Lease Accounting Standard: How Will Clients and Businesses Be Affected?

Description
The new FASB lease standard will have a major impact on how both lessees and lessors recognize, measure, and present assets, liabilities and expenses arising from leases. In this webinar, Certified Public Accountant Candace Leuck, will update you on the new lease accounting standard and detail how its changes will affect lease transactions. With so many clients soon to be affected, now is the time to learn the new rules and gain the answers to the many questions you will be asked. Also learn how the standards will affect balance sheets.

Most entities will be affected as the final ASU applies to all leases with the exception of those for intangible assets, exploration or use of some natural resources, and those involving biological assets.

Objectives of the Presentation
Understand what is changed under the new FASB accounting for leases standard
Explain the impact of the lease standard on financial statements
Have a broad understanding of the lessee and lessor accounting model, measurement guidance, and disclosures required by the ASU
Recognize the implications of leases imbedded in broader contracts
Review examples of how to value the lease assets and lease liabilities along with an understanding of how to report expenses
Have a broad understanding of the transition and effective date of the new standard

Why Should you Attend
The new accounting standard on leases contains some dramatic changes that organizations with lease contracts will need to prepare for. To be ready when the new guidance goes into effect, financial executives and others who negotiate lease contracts need to comprehend the potential ramifications of the coming changes and determine the best way to implement the guidance in their organizations. This webinar provides an overview of issues they should consider so that their organizations are prepared to implement the standard when it goes into effect.

Areas Covered
Summary and Scope of FASB's Accounting for Leases Standard
The effects of the new lease standard on the global economy
Lease Identification and Classification
Effective date and transition requirements
Lessee Accounting - finance leases versus operating leases
Lessor Accounting including a discussion of sales type leases
Disclosure requirements
Other Provisions including transition
Implications for Your Client or Business and Users of Their Financial Statements

Who will Benefit
All C-suite professional staff
Finance and accounting teams
CPAs in public practice with clients who need to have financial statements prepared in accordance with professional standards
Internal auditors and systems designers.

For Registration
http://onlinecompliancepanel.com/webinar/NEW-LEASE-ACCOUNTING-STANDARD-501744/SEPTEMBER-2016-ES-WORLDCONCAL

Note: Use Promo code RGHUP and get 10% off on registration (Valid till September 30th 2016)