ASC 842: Leases

If you are looking for comprehensive ASC 842 CPE courses, this collection is designed to cover the lease accounting lifecycle from beginning to end. The training starts with determining whether a contract contains a lease and then addresses the judgments, estimates, accounting entries, and disclosures required for lessees and lessors under U.S. GAAP.

The introductory course covers the definition and scope of a lease, components of a contract, commencement date, lease term, lease payments, discount rate, lease classification, and initial and subsequent measurement. Separate courses then provide deeper coverage of lessee accounting and lessor accounting, including presentation and disclosure. The final course addresses what happens after lease commencement, including reassessments, remeasurement events, modifications, and terminations.

Topics covered include:

• Lease definition and scope under ASC 842
• Components of a contract
• Lease term, lease payments, and discount rate
• Lease classification
• Lessee accounting
• Lessor accounting
• Remeasurements and reassessments
• Lease modifications and terminations

Further details

The collection begins with the fundamentals of ASC 842. Leases, including scope, the definition of a lease, and the contract terms that drive the accounting. Learners work through key inputs such as the commencement date, lease term, lease payments, and discount rate before considering lease classification and the initial recognition and measurement of the right-of-use asset and lease liability.

The second course takes a deeper dive into lessee accounting, contrasting the subsequent measurement of finance and operating leases and using a case study to bring the mechanics together. Presentation and disclosure requirements are also addressed so learners can connect the journal entries to the amounts ultimately reported in the financial statements.

The third course shifts to the lessor's perspective, including lessor classification, initial and subsequent accounting, separation of contract components, and lease modifications. The final course asks what happens after commencement: reassessment of key estimates and judgments, remeasurement events, lessee and lessor modifications, and terminations. Together, the four courses follow the lease from contract identification through changes that occur later in the arrangement.

Who will benefit

These courses are designed for accountants, controllers, lease-administration and financial reporting teams, and auditors who work with lease portfolios under U.S. GAAP. They are particularly useful for professionals responsible for contract reviews, lease classification, system inputs, right-of-use assets and lease liabilities, modifications, remeasurements, or the disclosures generated from lease-accounting systems.

Value proposition

Purchase all 4 courses for $399 instead of $679 if purchased separately—a savings of $280.

Interested in group discounts? Contact us today to learn more.