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DTSTAMP:20260521T170222Z
DTSTART:20270529T130000Z
DTEND:20270529T152100Z
LOCATION: Your Desk
SUMMARY: Accounting for Leases WEBCAST
DESCRIPTION: In February 2016\, FASB issued ASU 2016-02\, Leases\, which provides new guidelines that change the accounting for leasing arrangements. To be able to properly account for leases\, financial professionals must understand ASU 2016-02 (also referred to as Topic 842). This guidance covers information on how leases should be accounted for. The new guidance requires all leases to be reflected on the BS. This is a major change for organizations and will cause their balance sheets to swell as leases must now be disclosed on the balance sheet. For private companies and private not-for-profits\, the leasing standard will be effective for fiscal years beginning after December 15\, 2021\, and interim periods within fiscal years beginning after December 15\, 2022. For public companies the leasing standard is effective for fiscal years beginning after December 15\, 2019\, including interim periods within those fiscal years. This course covers elements of lease classification for both lessees and lessors. Also\, numerous examples are incorporated as reference.
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