Leases: Changes After the Commencement Date
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Description
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! Don't panic! This CPE-eligible, eLearning course (1.0 CPE) covers these things, 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!
This course is included in the following collections:
Learning Objectives
- 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
Additional Information
| Last Updated | 07/01/2024 |
|---|---|
| CPE Credit | 1 |
| Field of Study | Accounting |
| Instructional Delivery Method | QAS Self Study |
| Knowledge Level | Intermediate |
| Private | No |
| Prerequisites | General knowledge of accounting for leases under ASC 842 or completion of our eLearning course, Leases: Overview of ASC 842 |
| Advanced Preparation | None |
| Expiration | This course, collection, or subscription expires one year from the date of purchase. The post-course assessment for each course must be satisfactorily completed, as evidenced by a passing grade of at least 70%, by the expiration date to be awarded any qualifying continuing professional education (CPE) credit. |
| Refund or Cancellation Policy | For more information regarding refunds, concerns, and program cancellation policies, please contact the GAAP Dynamics Support Team via email at support@gaapdynamics.com or call (804) 897-0608. |
$120
1h 00m
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