Self-Study
Overview
CPE Credits
2 Credits: Accounting
Course Description
Lease Accounting: Core Concepts discusses the different components of leases, the types of leases that may be used by a lessee and lessor, and the accounting for each type of lease. The course also addresses how lease liabilities and right-of-use assets are calculated and presented in the financial statements. A number of additional topics are addressed, including the treatment of initial direct costs, sale and leaseback transactions, and lease-related disclosures.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Identify the reasons why a lease can be useful for a lessee.
- Note the leasing rules related to asset substitution.
- Recognize the situations to which lease accounting does not apply.
- Recall the circumstances under which a separate lease component is considered to exist.
- Note the different types of lease payments and the costs associated with them.
- Identify the special rules related to leases from government entities.
- Recall how the 12-month lease exception works.
- Identify the unique characteristics of sales-type and direct financing leases.
- Note the restrictions on the use of the risk-free discount rate when deriving a lease present value.
Course Specifics
|
Course ID 1163433 |
Revision Date May 22, 2020 |
Number of Pages 44 |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
Course Instructor
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with …
Lease Accounting: Core Concepts
$58.00 – $78.00
Self-Study
Overview
CPE Credits
2 Credits: Accounting
Course Description
Lease Accounting: Core Concepts discusses the different components of leases, the types of leases that may be used by a lessee and lessor, and the accounting for each type of lease. The course also addresses how lease liabilities and right-of-use assets are calculated and presented in the financial statements. A number of additional topics are addressed, including the treatment of initial direct costs, sale and leaseback transactions, and lease-related disclosures.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Identify the reasons why a lease can be useful for a lessee.
- Note the leasing rules related to asset substitution.
- Recognize the situations to which lease accounting does not apply.
- Recall the circumstances under which a separate lease component is considered to exist.
- Note the different types of lease payments and the costs associated with them.
- Identify the special rules related to leases from government entities.
- Recall how the 12-month lease exception works.
- Identify the unique characteristics of sales-type and direct financing leases.
- Note the restrictions on the use of the risk-free discount rate when deriving a lease present value.
Course Specifics
|
Course ID 1163433 |
Revision Date May 22, 2020 |
Number of Pages 44 |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
Course Instructor
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with …
Lease Accounting: Core Concepts
$58.00 – $78.00