FASB ASC 842, *Leases*, standards decoded

By learning essential information about lease accounting requirements, you’ll understand the core principles of the standards and how to apply them. You’ll explore topics, such as:

- Identification

- Recognition

- Measurement

- Presentation and disclosure requirements

Deliberate application of lessee accounting model

You’ll also learn about classifying leases, the amortization of the right-of-use asset, and the interest on a lease liability. Additional topics include:

- Short-term leases

- Purchase options

- Variable lease payments

- Sale and leaseback transactions

- Leveraged leases

Learning Objectives:

- Recognize arrangements which meet the scope requirements for lease accounting under FASB ASC 842.

- Recognize lessee accounting requirements for operating leases and finance leases under FASB ASC 842.

- Recognize lessor accounting requirements for sales-type, direct financing and operating leases under FASB ASC 842.

- Recognize accounting requirements for lease modifications under FASB ASC 842.

- Recognize accounting requirements for sale and leaseback transactions under FASB ASC 842.

- Recognize presentation requirements for lessees and lessors under FASB ASC 842.

Who will benefit:

- Accountants and finance professionals

This is an AICPA hosted webcast. You will launch the course from your OSCPA learning center portal. AICPA will issue and maintain your credits. Please make sure to download your CPE certificate from AICPA webcast portal at the conclusion of the webcast.

For many small businesses, the standards issued by the FASB may have little to no effect as they impact topics that do not reflect the type of transactions that these entities most frequently experience. This class will focus on the Accounting Standards Updates (ASUs) that are most likely to impact small businesses with a focus on ASUs initiated by the Private Company Council (PCC). We'll then look at alternative reporting options to GAAP including FRF for SMEs and IFRS for SMEs for entities who don't necessarily need to prepare GAAP financial statements but want to use accrual accounting. Finally, we will transition to audit standards that small business auditors will need to implement.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics that will be covered in this course include:

• Accounting Standards Updates (ASUs) that are most likely to impact small businesses.
• ASUs initiated by the Private Company Council (PCC).
• Alternative reporting options to GAAP including FRF for SMEs and IFRS for SMEs.
• Audit standards that small business auditors will need to implement.

Who will benefit:

Accountants in public practice or industry

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

Many accountants desire to have a quick overview of only the most current issues in accounting and financial reporting. This course will provide an executive summary of the most important changes in U.S. GAAP.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics that will be covered in this course include:

• New accounting standards.
• The impact on Financial Reporting.
• Hot topics in financial reporting.
• Current and emerging US GAAP requirements.

Who will benefit:

Accountants looking to stay up to date on current standards and hot topics.

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

How does a forensic accountant calculate financial losses? Federal courts have approved various ways to calculate losses ranging from net worth method of proof to the expenditures method. Each method of proof depends on the available facts to the forensic accountant. This presentation will focus on the various court approved methods of proof, when to use them, and how to calculate the total loss.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

• The role of methods of proof in forensic accounting.
• The various types of methods of proof approved by the courts.
• The weakness and strengths of the methods of proof.
• The formulas in calculating methods of proof.
• Applying the formulas in various circumstances.

Who will benefit:

CPAs and forensic accountants.

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

This session revisits managerial accounting techniques that you may not have considered for many years, even though they could be invaluable for CPAs in both business and public accounting. You will appreciate a fresh perspective of concepts you may not have considered since your college days. We will illustrate concepts with practical examples that you can immediately bring back to the office!

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics covered in this class include:

• Target profit analysis
• Break-even analysis
• Relevant costs and decision-making
• Standard costs and variances
• Activity-based costing
• Segment reporting and analysis

Who will benefit:

Accountants who have not recently considered managerial accounting techniques and proficient managerial accountants who desire fresh, practical illustrations of managerial accounting analysis and related decisions.

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

Many small to medium sized companies do not properly address the risk that arises related to fraud because these organizations do not have the resources needed to mitigate this risk or because owners or those in top level management underestimate the scope of the issue. All organizations, regardless of size, must be aware of the risks associated with intentional fraudulent acts and know that a significant and effective fraud scheme could even create going concern issues for some entities. In this session, we delve into the reasons that fraud takes place. The material discusses the types of defalcations that are often executed against smaller entities and then explores measures that organizations can implement to help stop fraud activities and add security.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics included in this course include:

• The reasons for fraud
• Fraudulent acts that are initiated against smaller organizations
• Methods to stop fraud attempts against small businesses

Who will benefit:

Accounting and other business professionals with a need to understand small business fraud.

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

This course fills an important need for both financial managers and accountants in the practice of public accounting by offering the tools to help ensure the future success of a business. Practical guidance for the effective use of benchmarking and analytical procedure is also provided.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics that will be covered in this class include:

• How to use analytical procedures as a management tool to identify areas hindering the profitability of the entity
• How to use analytical procedures to identify misstatements in financial information
• Techniques for developing a "workable" business plan
• Recasting GAAP financial statements into powerful management tools
• Developing and using benchmarks to identify profitability problems
• Identifying profitability key factors
• The relationship of internal controls and the health of an entity
• Common weaknesses in the internal controls of SMEs using the guidelines in the COSO Report on Internal Controls and common internal controls to address those weaknesses
• How to create "goal" statements that achieve results

Who will benefit:

This course is designed for practitioners who have the responsibility of analyzing the financial condition and organizational health of closely held companies.

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

Amplify your sustainability journey (bold)

Customers, suppliers, employees and investors are increasingly interested in the economic, environmental and social impacts of organizations.

The Global Reporting Initiative (GRI) is an independent, international organization providing a global common language to help businesses and organizations understand and communicate their sustainability impacts. Over 11,000 companies around the world use GRI standards for their sustainability reporting.

If you are getting started on your sustainability journey, this webcast will equip you with the knowledge you need.

Tune in to understand:

- Double materiality

- How to use the GRI standards to report material impacts on the economy, environment, and people.

Join experts from GRI as they explain their mission and the global impact that GRI has on sustainability reporting.

Learning Objectives:

- Recognize the Mission, history and global impact of GRI.

- Identify the concepts of impact reporting and Double materiality.

- Recall the Approach to developing the GRI standards.

- Identify GRI’s modular system and distinguish the three series of reporting standards.

- Recall the Benefits of Using GRI AS A framework and standards for reporting sustainability information.

Who will benefit:

'- Accounting or finance professionals who want to understand more about double materiality, impact reporting and using the GRI standards for managing and reporting this information

- Accounting professionals who provide advisory services (including ESG matters) for clients

- Accounting professionals who provide assurance services that may include sustainability information or data

- Accounting and finance professionals driving sustainable strategic and operational decisions

This is an AICPA hosted webcast. You will launch the course from your OSCPA learning center portal. AICPA will issue and maintain your credits. Please make sure to download your CPE certificate from AICPA webcast portal at the conclusion of the webcast.

Many small to medium sized companies do not properly address the risk that arises related to fraud because these organizations do not have the resources needed to mitigate this risk or because owners or those in top level management underestimate the scope of the issue. All organizations, regardless of size, must be aware of the risks associated with intentional fraudulent acts and know that a significant and effective fraud scheme could even create going concern issues for some entities. In this session, we delve into the reasons that fraud takes place. The material discusses the types of defalcations that are often executed against smaller entities and then explores measures that organizations can implement to help stop fraud activities and add security.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics included in this course include:

• The reasons for fraud
• Fraudulent acts that are initiated against smaller organizations
• Methods to stop fraud attempts against small businesses

Who will benefit:

Accounting and other business professionals with a need to understand small business fraud.

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.

Cover the basic requirements for performing preparation, compilation, and review engagements under Statements on Standards for Accounting and Review Services (SSARS), including the new SSARS No. 25, Materiality in a Review of Financial Statements and Adverse Conclusions. Review common issues found on SSARS engagements in connection with peer reviews and the impact of various findings on the results of a peer review. Identify key issues to consider during SSARS engagements, and determine how to incorporate quality control recommendations and tips for performing high-quality SSARS engagements.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event

The major topics covered in this class include:

• Basic requirements included in AR-C Section 60, General Principles; AR-C Section 70, Preparation of Financial Statements; AR-C Section 80, Compilation Engagements; and AR-C Section 90, Review of Financial Statements.
• New requirements included in SSARS No. 25, Materiality in a Review of Financial Statements and Adverse Conclusions.
• Common peer review findings.
• Practice tips for high-quality engagements.

Who will benefit:

Members in Public Accounting

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.