Accounting Foundations: Leases
Focused View
Jim Stice and Earl Stice
1:43:49
79 View
01 - The importance of lease accounting.mp4
01:13
01 - Understanding leasing vs. buying.mp4
03:17
02 - Different ways to finance assets.mp4
02:37
03 - UserCustomerLessee Pros and cons of a lease.mp4
03:47
04 - OwnerSellerLessor Pros and cons of a lease.mp4
02:53
01 - The FASB four criteria from 1976.mp4
04:08
02 - Implementation of the FASB four criteria.mp4
03:34
03 - U.S. GAAP vs. IFRS.mp4
03:49
04 - Continuing calls for change.mp4
04:08
01 - Leases within operating and finance structure.mp4
03:08
02 - Debt ratio and asset turnover ratio.mp4
03:57
03 - Implied value of assets used under operating lease contracts.mp4
04:00
04 - Adjusted debt ratio and asset turnover ratio.mp4
05:30
05 - Operating lease versus capitalfinance lease.mp4
04:10
01 - Leasing example Sir David Tweedie and airplanes.mp4
02:54
02 - The Gap Debt ratio and asset turnover ratio.mp4
02:59
03 - The Gap Estimated implied value of assets under lease contracts.mp4
04:22
04 - The Gap Adjusted debt ratio and asset turnover ratio.mp4
05:36
01 - Will the new lease accounting rule end the world as we know it.mp4
03:53
02 - Summary of the new lease accounting rule.mp4
04:12
03 - Simple numerical example of the new lease accounting rules.mp4
05:29
01 - How long have you been teaching the old rules.mp4
02:43
02 - A sample of impacts of the new lease accounting rule.mp4
05:03
03 - Renegotiating loan agreements.mp4
04:27
04 - Educating financial analysts and the business press.mp4
04:42
05 - How can I get around the new rule.mp4
04:23
01 - Yes, financing should be on the balance sheet.mp4
02:55
Description
Explore how accountants handle leases and the corresponding assets and liabilities, and learn about the impact of the 2019 Financial Accounting Standards Board (FASB) lease rules. Instructors Jim and Earl Kay Stice give an overview of leasing versus buying, and discuss different ways to finance assets before giving a quick history of lease accounting and the FASB financial standards. They then cover how the 2019 FASB rules affect the way organizations account for leases, and address transition difficulties.
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Jim Stice and Earl Stice
Instructor's CoursesI am the Distinguished Teaching Professor in the Marriott School of Management at Brigham Young University. I have served as an Associate Dean of the Marriott School. I also served for eight years as the director of BYU's MBA Program.
I hold bachelor's and master's degrees in accounting from BYU and a PhD in accounting from the University of Washington. I have been on the faculty at BYU since 1988.
During my time at BYU, I have been selected by graduating accounting students as “Teacher of the Year” on numerous occasions; I was selected by my peers in the Marriott School at BYU to receive the “Outstanding Teaching Award,” and I was selected by the University to receive its highest teaching award, the Maeser Excellence in Teaching Award. I have taught in academic and executive education programs in the United States, Europe, South Africa, Singapore, and China for such companies as IBM, Bank of America, and Ernst & Young.
I have published articles in the Journal of Accounting Research, The Accounting Review, Decision Sciences, Issues in Accounting Education, The CPA Journal, and other academic and professional journals.
In addition to teaching and research, I have served on the board of directors of a publicly-traded company that was taken private and on the Audit Committee for Deseret Management Corporation.
I have been writing accounting textbooks since 1990. I am co-author of Intermediate Accounting, 19th edition; Accounting: Concepts and Applications, 11th edition; and Financial Accounting: Reporting and Analysis, 7th Edition. I am now the co-creator (with my brother Kay and with our colleague Steve Albrecht) of online textbooks for Financial and Managerial Accounting courses at MyEducator.com.
My brother Kay and I have been teaching accounting for decades. Together we have over 70 years of experience in the classroom. We are passionate about teaching accounting and are grateful for the opportunity afforded us on LinkedIn Learning to share our passion with others.

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- language english
- Training sessions 27
- duration 1:43:49
- English subtitles has
- Release Date 2023/11/16