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Course Details

Accounting for Leases - by Steven Bragg (Course Id 969)

New / QAS / Registry
Author : Steven Bragg, CPA
Status : Production
CPE Credits : 2.0
IRS Credits : 0
Price : $17.95
Passing Score : 70%
NASBA Technical: Yes
Primary Subject-Field Of Study:

Accounting - Accounting for Course Id 969

Description :

The Accounting for Leases course 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.

Usage Rank : 0
Release : 2016
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study.
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 08-Apr-2016
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - NASBA Registry - 969

Keywords : Accounting, Accounting, Leases, Steven, Bragg, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

    • 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.
    • 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 Contents :

Chapter 1 - Accounting for Leases

The Nature of a Lease

Lease Components (Lessee)

Lease Components (Lessor)

Initial Direct Costs

Lease Consideration

The Lease Term

Initial Measurement of Lease Payments

Subsequent Measurement of Lease Payments

Types of Leases

Asset and Liability Recognition (Lessee)

Initial Measurement

Short-Term Leases

Finance Leases

Operating Leases

Optional Lease Payments

Right-of-Use Asset Impairment

Leasehold Improvement Amortization


Maintenance Deposits


Lease Recognition Topics (Lessor)

Sales-Type Leases

Direct Financing Leases

Operating Leases

Variable Lease Payments

Lease Modifications

Lessee Impact

Lessor Impact


Discount Rate

Separation of Non-Lease Components

Sale and Leaseback Transactions

Lease Presentation

Lease Disclosures

Lessee Disclosures

Lessor Disclosures

Sale and Leaseback Transactions

Transition Accounting

Review Questions


Accounting Course 969 Home: https://www.cpethink.com/accounting-cpa-courses
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