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CPE Information
Live event participants can earn up to 1 CPE credit in the Accounting (Governmental) field of study.Program description: With the deadline for implementation and compliance with SFFAS 54 inching closer, many federal government entities are raising concerns around first steps.
Program level: Intermediate
Prerequisites: Current or past experience with federal lease accounting standards and guidelines.
Advanced Preparation: None
Topics to be discussed include:
- A summary of the basic concepts of SFFAS 54
- The definition of a lease under the new standard
- What type of contracts are in scope
- How to determine the accounting treatment of the different components of a lease agreement
- How to identify the types of arrangements that are within the scope of SFFAS 54 and the financial impact to both lessees and lessors
- The components and dates required to calculate and record the initial lease liability and lease asset
Instructional Delivery Method: Group Internet Based
Who Should Attend: Those interested in learning more about implementation and compliance of SFFAS 54, Leases, the lease accounting standard for U.S. federal government entities.
Official NASBA sponsor statement, if an approved NASBA sponsor (explaining final authority of acceptance of CPE credits):
CohnReznick LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State board of accountancy have final authority on the acceptance of individual courses for CPE credits. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
ON-DEMAND
