Examine the core principles of the new standard, including identification, recognition, measurement, presentation, and disclosure requirements.
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How do the leasing requirements in the new standard differ from generally accepted accounting principles (GAAP)? This webcast addresses that question by examining the core principles of the new standard, including identification, recognition, measurement, presentation, and disclosure requirements.
Examples are included to illustrate application of the new standard. This webcast explains the lessee accounting model, including lease classification, amortisation of the right-of-use asset, and interest on the lease liability. This webcast also explains the lessor accounting model, including transfer of risk, profit recognition, and collectability. Additional topics include short-term leases, purchase options, variable lease payments, and sale and leaseback transactions.
All learning resources available in the CGMA Store qualify for CPD for CIMA members.
|Prerequisites:||Experience in the application of accounting standards|
|Access:||This is a live event. You will have access to webcast on the date/time of broadcast and the archive for 3 months after the broadcast date.|