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| Author : | Kelen Camehl, CPA, MBA |
| Course Length : | Pages: 53 ||| Word Count: 27,287 ||| Review Questions: 12 ||| Final Exam Questions: 20 |
| CPE Credits : | 4.0 |
| IRS Credits : | 0 |
| Price : | $35.95 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - NASBA Registry |
| Technical Designation: | Technical |
| Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 2530 |
| Description : |
This course provides an in-depth overview of the lease accounting standards prescribed by ASC 842. This includes a discussion of how to identify a lease within a contract and how to classify a lease. This course also provides an in-depth review of the initial measurement, subsequent measurement, and presentation & disclosure of leases. |
| Usage Rank : | 25000 |
| Release : | 2025 |
| Version : | 1.0 |
| Prerequisites : | None. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
Operating Lease: How It Works and Differs From a Finance Lease
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| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 10-Apr-2025 |
| 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 - Text - NASBA Registry - 2530 |
| Keywords : | Accounting, Lease, Deep, Dive, Unlocking, Key, Principles, ASC, 842, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives Upon completion of this course, you will be able to:
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| Course Contents : | Chapter 1 - Lease Accounting Deep Dive - Unlocking the Key Principles of ASC 842 Course Learning Objectives Course Overview Introduction ASC 842 Organization Scope Is an Arrangement a Lease? Illustrative Examples Review Questions Lessee Lease Classification Recognition and Measurement Subsequent Measurement Illustrative Example – Lessee Accounting Lessor Accounting Review Questions Lease Modifications Lease Modifications – Illustrative Examples Review Questions Sale and Leaseback Transactions Illustrative Examples Subleases Review Questions Financial Statement Presentation Requirements Disclosure Requirements Top Challenges in ASC 842 Conclusion Review Questions Glossary |
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