Appalachian Cluster: More than Meets the Eye: Examining the New Lease Accounting Standard

229  |  TSCPA In Person Events  |  Intermediate  |  Scheduled

Description

Implementing ASU No. 2016-02 is sure to have a major impact on your balance sheet - and potentially on your business as well. This course is a one-stop shop for what you need to know about the upcoming changes to lease accounting. In this course, we will review how to measure the lease liability and Right of Use asset that will now be recorded on the balance sheet for all leases. We will also tackle the tricky issues of accounting for lease modifications and other lease remeasurement events, as well as address the other major provisions of the new standard, including transition. We will also review the income statement treatment of lease expense for all leases for both lessees and lessors.

Credits

Number of Credits Type of Credits
4 Accounting and Auditing

Prerequisites

Experience in financial accounting and reporting

Highlights

  • ASU No. 2016-02, Leases (Topic 842)
  • Overall lease accounting guidance
  • Leasor Accounting 101
  • Lessee Accounting 101
  • Detailed review of accounting by lessees and lessors
  • Sale and leaseback transactions
  • Transition guidance
  • Other operational issues

Objectives

  • Comprehend and apply the FASB's comprehensive new lease accounting guidance found in ASU No. 2016-02, Leases (Topic 842)
  • Recall operational issues in adopting the new lease accounting standard

Preparation

Download course material prior to event.

Prices

Member (Early Bird)
$169.00
Non-Member (Early Bird)
$219.00
Member
$194.00
Non-Member
$244.00
Registration for this event has closed. If you have any question or concerns please give us a call at 615-377-3825 or send us an e-mail at registrar@tscpa.com

Facilitators

Thomas Newell, CPA

Thomas (Tom) is a shareholder in the firm of Newell & Newell, P.C. located in Columbus, GA. Tom graduated cum laude from Georgia Southwestern College in Americus, GA in 1980. Tom started the firm with his wife Silvia Newell, CPA in 1986, prior to that his public accounting experience included both local firms and international firms. Tom is an active peer reviewer having performed over 200 reviews and has been involved with the peer review program since 1989.

Tom served on the Georgia Society peer review committees from 1989 to 1993, in 1993 Tom was selected to be one of the technical reviewers for the Georgia Society and served as a technical reviewer for the Georgia Society for 9 years. Tom has also served several years on the accounting and auditing committee at the Georgia Society. Tom has been a frequent speaker for the Georgia Society of CPAs at the Southeastern Accounting Show, Tax Forum (A&A topics) and the Accounting Institute. Tom is also a discussion leader for various continuing education courses on A&A topics of compilation and review, nonprofit, audit & accounting, and peer review.

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