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Live Webcast Replay

FASB’s New Lease Accounting Standard


Total Credits: 4 including 4 Accounting - Technical

Average Rating:
   16
Categories:
Partner Produced |  Accounting and Auditing
Speaker:
Doug J. Van Der Aa, CPA, JD, CPA, JD
Course Levels:
Update
Duration:
4 Hours
License:

Dates


Description

It’s a whole new world for lessees under ASC topic 842. Soon nearly ALL leases will need to be disclosed as a liability on the balance sheet - from buildings right down to autos and copiers. Although the greatest impact will be on large entities, this will affect the financial statements of small and mid-sized entities as well. This program will dive into the new standard on leases and address what you need to know now. (Note: FASB has proposed delaying the effective date for private companies).

Basic Course Information

Learning Objectives

Upon completion of this course, you will be able to:

  • Apply the new financial accounting concepts of leases.
  • Gain a working knowledge of accounting rules as they apply to leases
  • Discuss planning and potential pitfalls.

Major Subjects
  • Review of accounting standard 2016-02.
  • What is a "lease"?
  • Recognition and measurement of lease assets and liabilities
  • Impact on lessors and lessees
  • Disclosures and transition rules
  • Effective dates

Course Materials

Speaker

Doug J. Van Der Aa, CPA, JD, CPA, JD's Profile

Doug J. Van Der Aa, CPA, JD, CPA, JD Related Seminars and Products

Van Der Aa Tax Ed, LLC


Doug Van Der Aa, CPA, JD, is a lively and energetic speaker on the subject of taxes and ethics, and has extensive experience in leading discussions for conferences, seminars and webinars. He is a highly rated speaker and seminar leader for state CPA societies and other organizations throughout the country.

Van Der Aa has more than 25 years of experience, including tax practice in CPA firms and the practice of transactional business and real estate law as an attorney. His practice concentrated on the tax needs of closely held businesses, with their related pass-through entities, complex individual returns, estates and trusts.

Van Der Aa taught for 10 years as an adjunct instructor and for one year as assistant professor of accounting and taxation for Grand Valley State University’s Seidman College of Business, where he taught in both the undergraduate and MST programs.


Additional Info

Basic Course Information

Prerequisites

None


Advanced Preparation

None


Designed For

Practitioners and members in industry seeking a better understanding of the new lease accounting rules.


Original Recording Date

5/18/20


Yellow Book

No


Course Developer

MICPA


Date Added to Catalog

4/24/20


Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints.  anne.taylor@acpen.com, (972-377-8199).


Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method

Group Internet Based


Course Registration Requirements

Online Registration


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.


Reviews

5
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1

Overall:      4.4

Total Reviews: 16

Comments

Tracy D

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Jay P - NOVI, Michigan

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