What You Need to Know About Lease Accounting (CPA)
Estimated Time: 4 hours
$59.00
Earn 4 Points for Completing
An in-depth overview of lease accounting standards, this course includes a conversation of the primary reasons for the change, focusing also on identifying a lease within a contract. Important topics include lease classification, initial measurement, subsequent measurement, and other subject areas. Course Type: eBook. Worth 4 Technical CPE Credits (CPA/NASBA). UPDATED 2024
Credits
4 CPE Credits
Learning Objectives
- Recognize how the new leasing standard has evolved and how the new standard is organized
- Determine whether an arrangement contains a lease
- Identify considerations with respect to substitute rights and decision-making 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 recognition criteria for sales-type, direct financing, and operating leases
- Identify the overall requirements with respect to lease modifications
- Identify the criteria used for sale and leaseback transactions
- Identify the considerations with respect to a lessee's involvement in construction of a leased asset
- Identify the presentation requirements for both lessees and lessors
- Recognize both qualitative and quantitative disclosure requirements for both lessees and lessors
- Identify the effective date for the new lease accounting standards
- Identify the significant differences between ASC 842 and IFRS 16
- Recognize considerations of and alternatives provided to private companies
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Field of Study: Accounting - Prerequisites & Advanced Preparation: None - CPE Credit Type: Technical - Delivery Method: QAS Self Study - For more information regarding administrative policies such as complaint and refund, please contact our Customer Success team at support@vtrpro.com or visit our Help webpage.
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