CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

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NOTE:

  • New Federal Tax Update customers will get an immediate email with a coupon code for the free course once their Tax Update purchase is complete.
  • Current Customers that purchased the Premium, Plus, or Core (Total Value Package) 2021 Federal Tax Update will get an email with a coupon code to get the Tax Advisory Complement Bundle for free.

Lease Accounting: Core Concepts

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
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
Prerequisites

There are no prerequisites.

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

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 …

Steven M. Bragg, CPA Read More »

Lease Accounting: Core Concepts

Expert Instructors
Format
CPE CREDITS
2 Credits: Accounting

$58.00$78.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
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
Prerequisites

There are no prerequisites.

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

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 …

Steven M. Bragg, CPA Read More »

Lease Accounting: Core Concepts

Expert Instructors
Format
CPE CREDITS
2 Credits: Accounting

$58.00$78.00

Clear