Courses

Surgent's What in the FASB Were They Thinking! Not-for-Profits and Leases - On-Demand Webcast

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Member Price: $49.00 Non-Member Price: $64.00

Developer:: SURGENT MCCOY SELF-STUDY CPE, LLC
CPE Credits:: Accounting (Governm): 1.00
Fields of Study:: Accounting (Governmental)
Level:: Intermediate

Not-for-profits enter into leases for many types of assets. This course is designed to help you understand the core components of not-for-profit lessee accounting under FASB ASC 842, Leases. You will learn the important definitions involved, the key decision points involved in applying the standard, and how to think through those decision points.

Objective

Skillfully prepare for the implementation of FASB ASC 842
Become comfortable with the application of FASB ASC 842 in the not-for-profit environment

Highlights

Evaluating whether a contract meets the definition of a lease
Properly calculating the lease term
Determinations and decisions to be made with regard to short-term leases
Distinguishing operating leases from finance leases

Designed For

Not-for-profit industry professionals and auditors

Prerequisite

Some introductory background in not-for-profit accounting

Advanced Preparation

None