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US GAAP Leases - managing the risks

£370.00 + VAT
-
£430.00 + VAT
Available
London
Academy - Financial reporting
May
1
Tue
-
Dec
31
Sun
13:00
-
PM
16:00BST
Schedule Type Title: Every Day of the Week
Schedule Description: CA ANZ / Deloitte Technical Session.
Sessions: 245
Session Hours: 5875.10
Description
Understand the commercial impact of the changes and how these need to be managed.
  • Overview
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  • In-House

Date and time

Location

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Course Overview

Early in 2016 Section 842 of the Codification – Leases was issued, bringing to a close, years of debate on the future of lease accounting. The standard needs to be adopted by many companies for accounting periods beginning on or after 15 December 2018. The transition will require time and effort, and in order to achieve this successfully, organisations need to start planning for this immediately.

Whilst the IASB and FASB worked on this as a joint project some differences do remain, which could lead to material variations in the accounts.

This half day course only has time to introduce one of the more challenging concepts of the new standard – namely that of embedded leases. If you would like to explore this in more detail you may want to also book on the following course: IFRS 16 Leases – managing the risks of embedded leases.

LEARNING OUTCOMES

  • Rationale for the accounting change
  • An overview of the new framework for leases
  • The definition of a lease
  • Any exemptions available
  • Contracts with lease and service components
  • Effective date and transition
  • The systems and process changes you will need to implement and when
  • Practical exercises to aid understanding
  • The commercial impact of the changes and a discussion around how these need to be managed.

Who should attend

Aimed at finance professionals reporting under US GAAP, relevant across all sectors. You will not only gain technical understanding of the standard, but also appreciate both the commercial impact and key risk areas for your organisation.

You may also be interested in:

IFRS 16 Leases - managing the risks of embedded leases

Course enquiries 

  • +44 (0) 1908 248 159
  • academy@icaew.com

Related content

Visit the ICAEW Academy of Professional Development homepage.
View all our Financial reporting courses.
View upcoming CPD dates.
Download the catalogue for our full range of courses.

 

This course is for:

Capability Framework

Rate Cost
Non-Member £430.00 + VAT
Faculty/Communities/ICAEW Member £322.50 + VAT


Our public course programme is deliberately structured to encourage delegates from different organisations to participate. However, if you have six or more delegates who require development in the same area, we are able to run a more cost-effective and much wider range of courses tailored specifically to your organisation.

These are ideal for organisations seeking hassle-free, flexible and cost-effective training delivered to multiple delegates at your location of choice. Whether we use our existing materials or develop new content for your business, our expertise lies in translating your requirements into a pragmatic, interactive training programme highly relevant to your people and organisation.

To discuss in-house training for your business please email Academy or call +44 (0)20 7920 8813.

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