Which rights does this course identify for lease determination?

The Lease Accounting Deep Dive course identifies considerations with respect to substitution rights and decision making rights.

Which disclosures does this course recognize for leases?

This course recognizes both qualitative and quantitative disclosure requirements for leases.

Which criteria does this course identify for finance leases?

This course identifies the criteria for finance lease and short term leases.

How many CPE credits does this Lease Accounting Deep Dive course provide?

This Lease Accounting Deep Dive course is a Technical, self study text course in Accounting worth 4.0 CPE credits, requiring a 20 question final exam preceded by 12 review questions (optional) at a 70% passing score. CPEthink is approved by NASBA as a CPE sponsor and lists this course on the NASBA site as a courtesy for CPAs to search https://nasba.org.

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Lease Accounting Deep Dive - Unlocking the Key Principles of ASC 842 (Course Id 2530)

QAS / Registry

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:	Text

Lease Accounting Deep Dive - Unlocking the Key Principles of ASC 842 - CPE course for CPAs

Technical Designation:	Technical
Field Of Study:	Accounting
Approved Audience:	NASBA QAS - NASBA Registry
Key Takeaways:	This course provides a detailed exploration of ASC 842 lease accounting standards, including lease classification, measurement, and modification handling for both lessees and lessors. Provides an in depth review of how to identify a lease within a contract and classify it correctly. Covers handling lease modifications for both lessees and lessors under ASC 842. Explains initial measurement, subsequent measurement, and presentation and disclosure requirements in detail. Worth 4.0 CPE credits in Accounting as a self study text course providing a deep dive into ASC 842 lease accounting, requiring a 20 question final exam preceded by 12 review questions (optional) and a 70% passing score.
Frequently Asked Questions:	Which rights does this course identify for lease determination? The Lease Accounting Deep Dive course identifies considerations with respect to substitution rights and decision making rights. Which disclosures does this course recognize for leases? This course recognizes both qualitative and quantitative disclosure requirements for leases. Which criteria does this course identify for finance leases? This course identifies the criteria for finance lease and short term leases. How many CPE credits does this Lease Accounting Deep Dive course provide? This Lease Accounting Deep Dive course is a Technical, self study text course in Accounting worth 4.0 CPE credits, requiring a 20 question final exam preceded by 12 review questions (optional) at a 70% passing score. CPEthink is approved by NASBA as a CPE sponsor and lists this course on the NASBA site as a courtesy for CPAs to search https://nasba.org.
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:	26000
Release:	2025
Version:	1.0
Prerequisites:	None.
Experience Level:	Overview
Additional Contents:	Complete, no additional material needed.
Additional Links:	External: What Are Mergers and Acquisitions (M&A)?Operating Lease Internal: Lease Accounting Simplified - What You Need to Stay Compliant (ASC 842 overview) Internal: Accounting for Leases: ASU 2016‑02 Guidelines for the New Standard External: ASC Topic 842, Leases-ASC 842 (FASB standard overview via PCAOB 2022 report)
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.
Keywords:	Lease Accounting Deep Dive - Unlocking the Key Principles of ASC 842 - CPE course for CPAs
Learning Objectives:	Course Learning Objectives Upon completion of this course, you will be able to: Determine whether an arrangement contains a lease Identify considerations with respect to substitution rights and decision-making rights Identify the criteria for finance lease and short-term leases Recognize the 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 presentation requirements for both lessees and lessors Recognize both qualitative and quantitative disclosure requirements for both lessees and lessors Recognize considerations of and alternatives provided to private companies
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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Lease Accounting Deep Dive - Unlocking the Key Principles of ASC 842 (Course Id 2530)

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Which rights does this course identify for lease determination?

Which disclosures does this course recognize for leases?

Which criteria does this course identify for finance leases?

How many CPE credits does this Lease Accounting Deep Dive course provide?

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