Leases: Overview of ASC 842
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Description
Whether you're responsible for financial reporting or auditing of financial statements prepared in accordance with U.S. GAAP, you need to make sure you understand the requirements of ASC 842. This CPE-eligible, eLearning course (2.0 CPE) provides you with an overview of accounting for leases including: Identifying “embedded leases” within contracts; determining the lease term, lease payments, and appropriate discount rate; and classifying leases held by both lessees and lessors. The online course concludes with a high-level overview of the accounting for lease by both lessees and lessors.
This course is included in the following collections:
Learning Objectives
- Recognize whether a contract contains a lease and is within the scope of ASC 842
- Recall the information necessary to determine the lease term, lease payments, and discount rate
- Classify leases held by both lessees and lessors based on the criteria within ASC 842
Additional Information
| Last Updated | 06/01/2024 |
|---|---|
| CPE Credit | 2 |
| Field of Study | Accounting |
| Instructional Delivery Method | QAS Self Study |
| Knowledge Level | Overview |
| Private | No |
| Prerequisites | None |
| 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. |
$199
2h 00m
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