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Do I Have a Lease?Code: 23-LEASE
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Course description and objectives:
This course provides an in-depth overview of the assessment of whether or not an arrangement is or contains a lease. This includes a discussion of specific guidance prescribed by ASC Topic 842 as well as additional interpretive guidance provided several of the Big 4 accounting firms. This course also addresses the short-term lease exception available in ASC Topic 842.
After reading the materials, participants will able to:
- Determine whether an arrangement is or contains a lease
- Determine whether an arrangement includes an identified asset
- Identify considerations with respect to substitution rights and decision-making rights
- Recognize the short-term lease exception prescribed by ASC Topic 842
Presentation Method: Self-Study
CPE credit: 1 Hour
Program Level: Update
Advance Preparation: None
Exam expiration date: Participants must submit exams for grading within one year from the date of purchase
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