Lease Accounting & Reporting -- What You Need to KnowCode: 23-LEASEACC

Price: $14.95
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Course Details

41 pages

Course description and objectives:

This course provides an overview of the new lease accounting standard issued by the Financial Accounting Standards Board (FASB) prescribed within Accounting Standards Codification (ASC) Topic 842. This includes a discussion of the reasons for the change, how to correctly identify a lease within a contract, and the overall recognition, measurement, subsequent measurement, and disclosure requirements. This course also provides examples of real-world disclosures as well as challenges faced by entities post-adoption.

Course Objectives:

Upon completion of this course, you will be able to:

  •  Determine whether an arrangement contains a lease
  •  Identify considerations with respect to substitution rights
  •  Identify the criteria for the new finance lease and short-term leases
  •  Recognize the new recognition and measurement requirements for both lessees and lessors
  •  Identify the requirements related to lease modifications
  •  Identify presentation and disclosure requirements for both lessees and lessors

  

Presentation Method:  Self-Study

 

Category:  Accounting

CPE credit:  2 Hours

Program Level:  Update

Prerequisites:  None

Advance Preparation:  None

Exam expiration date:  Participants must submit exams for grading within one year from the date of purchase

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Performance Obligation - How to Identify Performance Obligations
The course was thorough and easy to understand. I went away with an ample understanding/knowledge of the subject matter.
Valerie
10/20/2023
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Easy to understand
Simple, but easy to understand hot topics with completeness
Takashi
01/16/2023
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Lease Accounting & Reporting -- What You Need to Know
Worthwhile
11/21/2022
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American CPE, Inc. 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 boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

 

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