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PROFESSIONAL DEVELOPMENT & TRAINING SERVICES

Equipment Lease Accounting

Course Level

Stage 4

Length

2 days

Price

$1,150

CPE Credits

Dates offered

Mar. 29-30, 2007	Chicago, IL
Sept. 10-11, 2007	New York City, NY

Participants receive a strong foundation in lease accounting principles, theory, and current practice. The hands-on setting enhances understanding of FASB 13, managerial, and GAAP accounting applications.

Course Outline

Understanding FASB Statement No. 13
	Lessor versus lessee accounting
	Key definitions
	Lease classification exercises

Direct Financing Leases
	Recording transactions
	Income allocation
	Financial statement presentation
	Recognizing residual losses and terminations
	Case study

Operating Leases
	Recording operating leases
	Developing financial statements
	Managerial reporting issues

Sales-type Leases
	Recording transactions
	Income characteristics
	Consolidation issues
	Exercises

Leveraged Leases
	Accounting and tax definitions
	Recording after-tax cash flows
	Using the MISF method
	Interperiod tax allocations

Current Issues
	EITF issues
	Recent pronouncements, including Statement 140

Benefits

You will receive increased confidence and understanding when using financial accounting guidelines.
You will establish the proper methods of recording and designating leases as direct finance, sales type, or operating leases.
You will gain knowlegede on current FASB and EITF pronouncements, which provides you with up-to-date information and an understanding of how practices will be instituted.
Your value is enhanced as you exhibit an impact on the "bottom line" lease transaction.

NOTE:

The Alta Group Professional Development Division is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional educaton on the National Registry of CPE Sponsors.

State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.

If, for any reason, you are dissatisfied with any of our seminars, you may repeat that seminar tuition-free.

In the event that, for whatever reason, The Alta Group Professional Development Division does not conduct any seminar, registrants agree that their sole and exclusive remedy shall be limited to either the refund of any prepaid registration fees or the applciation of such fees to any future Alta seminar. In no event shall The Alta Group Professional Development Division be liable for any damages (including, but not limited to, airfare), special, consequential, incidental, or otherwise.

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