Date and Time: Tuesday, May 28 – 10:00 am – 11:45 am EST
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-size entities as well. This program will dive into the new standard on leases, effective dates, and address what you need to know now.
Learning Objectives:
- Apply the new financial accounting concepts of leases
- Gain a working knowledge of accounting rules as they apply to leases
Major Subjects:
- What is a lease?
- Recognition and measurement of lease assets and liabilities
- Impact on lessors and lessees
- Disclosures and transition rules
- Effective dates
Who should attend: Practitioners and members in industry seeking a better understanding of the new lease accounting rules effective for private companies.
Program Level: Basic
Developed by: Van Der Aa Tax Ed
Instructor: Dr. Chris Harper, CPA, MBA
CPE Credit: 2 hours
Field of Study: Accounting
Prerequisites: None
Advanced Preparation: None
Course Content
Dr. Christopher Harper, CPA, MBA
Chris is a CPA with the heart of a teacher. He is a clinical affiliate instructor of accounting with Grand Valley State University’s Seidman College of Business. He also serves as a senior manager and director of education for Hungerford Nichols CPAs + Advisors. Chris has been serving tax and accounting needs of closely held business and individuals since 1998. He has also owned and operated several of his own businesses throughout his career.
Course materials are only available to students enrolled in the course.