CPAR GOV - Accounting & Financial Reporting

CPAR GOV/NFP - Vol. 2017 - No. 3 - 01 - Lease Accounting: Putting It on the Balance Sheet

Course Overview
The Governmental Accounting Standards Board recently issued its final guidance on accounting for leasing transactions. As expected, the new guidance will require state and local governments to recognize on their balance sheets the assets and liabilities for the rights and obligations created by those leases. In our opening segment, Warren Ruppel - a partner in the firm of Marks Paneth LLP as well as the author of Wiley’s “GAAP for Governments” - reminds us of what you should be doing now to prepare for the implementation of the new lease accounting rules.



Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Recognize GASB's progress in getting governments to recognize the value as well as the cost of off-balance sheet items;
  • Identify the major differences between GASB’s and FASB's approach to lease accounting;
  • Recognize the different organizations that have responsibility for setting ethical standards; and
  • Identify the criteria that GASB has for determining when an entity should be consolidated in financial statements.

Content Partner:

CPAR Government/Not-For-Profit

Prerequisites/Advanced Preparation:

Work experience in government accounting or auditing, or an introductory course in government accounting

Speaker / Author:

CPAR Government/Not-For-Profit
SmartPros Ltd. is a leader in online and offline continuing education for accounting, finance and engineering professionals. With over 2,000 hours of content, SmartPros has been providing mandatory continuing education products since 1981. SmartPros provides services and content to its professional and corporate clients, in a variety of media including Web, CD-ROM, and video. In the accounting market, SmartPros also has a predominant news and information portal which receives 200,000+ visits per month and provides services to over 100,000 subscribers. SmartPros' customers include 50% of the Fortune 500, as well as the major firms and associations in each of its professional markets.

Software & Hardware Requirements:

  • 56k or Greater Internet Connection
  • Adobe Acrobat® Reader for the .pdf files
  • Adobe® Flash® Player 9 or higher
  • Modern DHTML Compatible Browser
  • Ram: 256 MB minimum
  • Sound card with speakers/headphones
  • Windows or Mac OS

Price (USD)

Standard: $69.90

Details

Course Code : CPAR1295-FM

Length : 1hr 40min
Course Level : Update
Course Type : Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting - Governmental

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