FMN Accounting  |  Format: Flash

Lessons Learned from the Leases Standard

Course Overview
With a fast-approaching implementation date, the new standard on accounting for leases continues to cause havoc for financial statement preparers who, along with managers from treasury and investor relations, are working diligently to make a successful transition to the new guidance. Our cameras were on hand at the recent FEI Current Financial Reporting Issues conference, where a panel of top-level financial executives reviewed the lessons being learned from the ongoing effort to implement the new lease accounting standard.

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

  • Identify the steps taken by ExxonMobil and IBM to implement the new leases standard;
  • Recognize the issues involved in selecting software to use as part of the new lease accounting standard implementation plan;
  • Identify the challenges that ExxonMobil and IBM are facing while implementing the new lease accounting standard; and
  • Recognize the disclosure issues and challenges that result from the new lease accounting standard.

    Catalog Number: FMN1241-FM
    CPE Credits: 2 Registry / 2 QAS
    Author: FMN Online
    Advanced Preparation:
    Work experience in financial reporting or accounting, or an introductory course in accounting.
    Course Level: Update
    Field of Study: Accounting
    Content Partner: FMN Online
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
      You are allowed 2 attempts to pass the final exam in a 30 day period. You will be locked out of the final for 30 days after any second failure.
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     Adobe® Flash® Player 9 or higher
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Sound card with speakers/headphones
     Windows or Mac OS
    Release/Expiration Dates: Feb 09, 2018 / Sep 13, 2019