Leases - Lessee Accounting

Total CPE

Tuition
$125.00

Approximate Length
01:00:00

Course Number
24-WB-301

Total CPE

Tuition
$125.00

Approximate Length
01:00:00

Course Number
24-WB-301

Course Details

This course introduces participants to the accounting requirements under ASC 842, Leases. Specifically, lessee accounting will be discussed.

By the end of this course, participants should be able to:

recall lease classification criteria for leases of lessees
determine the ROU asset and lease liability to be recognized by a lessee at lease commencement
recall the accounting requirements of lessees for both operating leases and finance leases post-commencement
identify when there is a lease reassessment or remeasurement event, or a lease modification.

Note: This course references data and sources that were available at the time of development. Please visit the Financial Reporting View website for the most up-to-date guidance and insights.

Keywords: Leases, ASC 842, Accounting

Other Details

Special Notice/Instruction: CPE credits will be awarded upon successful completion of the content and passing the exam with a grade of 70 or higher. In accordance with NASBA requirements, you must complete and pass the exam within one year of your enrollment in the program.

NASBA Delivery Type: Self-Study

Advance Preparation: There is no advance preparation for this course.

This course is not mobile-compatible.

Pre-requisites: There are no pre-requisites for this course.

Level of Knowledge: Basic
Field of Study: Accounting - 1
Delivery Method: Web Based Self Study