Leases: Changes After the Commencement Date

You've got the lease recorded on the balance sheet under ASC 842, but you're not done. You need to be on the lookout for certain events that occur after the lease commencement date that may require you to reassess key estimates and judgments about leases, as well as to remeasure lease payments. A lease modification is one such event, but it's not the only one! This CPE-eligible, eLearning course (1.0 CPE) covers accounting for changes after the commencement date, as well as walks you through the accounting for lease modifications and terminations by both lessees and lessors. And, as always, there are plenty of examples and activities to keep you engaged!

Topics covered in this accounting for lease changes after the commencement date CPE course include:

• Introduction to changes after the commencement date (modifications, terminations, etc.)
• Reassessing key estimates and judgments
• Remeasurement events
• Accounting for lease modifications by the lessee
• Accounting for lease modifications by the lessor
• Terminations

This is course is perfect for any accountant or auditor who needs to understand accounting for terminations, modifications, or other changes to leases from either the lessee or lessor perspective! Looking for more comprehensive training on accounting for leases?

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

• Recognize when key estimates and judgments about leases need to be reassessed 
• Identify events that would require an entity to remeasure lease payments 
• Recall the accounting for lease modifications and terminations by a lessee  
• Recall the accounting for lease modifications and terminations by a lessor