Let's face it: the best way for a CPA to learn new standards is by applying to examples and cases in a variety of industries. The training is customized.
NEW YORK, NEW YORK, USA, January 30, 2018 /EINPresswire.com/ — Finally two CPE courses that apply the New Revenue and Leases standards to specific cases covering a range of industries!
Private companies and Non for profits need to be ready to adopt the New Revenue standard by January 2019 the latest. This course is perfect for those who are getting ready for implementation. A year later is the implementation date for the new Leases standard.
Highlights of the New Revenue Standard:
Walk Through Cases in Various Industries (Construction, software, retail, manufacturing, engineering and Non-for-Profits) to see how Revenue will be measured in the New Standard
The New 5 Step Approach to Recognizing Revenue
Contract costs, contract modifications
Principal versus agent considerations
Effective Date, First time adoption, Transition and Disclosure
Highlights of the New Leases Standard:
First Time Adoption Requirements
Allocating Considerations to Lease and Non-lease Components
Lease Term, Discount Rate
Subleases, Lease Modifications
Lessee & Lessor Financial Statement Impacts
Lessee Accounting for Operating and Finance Leases
Sale and Leaseback Accounting Transactions
Lessor Accounting for Operating and Finance Leases
Walk Through Cases on How Lessees & Lessors Will be Impacted
Impairment of Right of Use Assets
Effective Date, Transition Approach and Disclosures
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Source: EIN Presswire