Friday, March 18, 2016

Implementation guidance, straight from the source

Both the IASB and the FASB have announced webinars to assist preparers in implementing the new lease accounting standards. The IASB has just posted a web presentation on The Transition to IFRS 16 (focused on transitioning operating leases, and primarily using the cumulative catch-up approach, rather than full retrospective application), along with additional transition/implementation materials available (and soon to be released) shown here.

The FASB will have a webinar on ASC 842 on Tuesday, March 29, 2016, 1-2 PM Eastern time. 1.0 CPE credit hours are offered for CPAs who register. These webinars are typically archived for later viewing, though CPE credit is not available then.

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