This course offers a concise overview of ASC 842 lease accounting standards, covering how to identify and classify leases. It also reviews the initial and subsequent measurement, as well as the presentation and disclosure requirements for leases.
Course Publication Date:
April 15, 2025
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or
all access membership or can be purchased for
$20.00!
| Author: | Kelen Camehl |
| Course No: | ACT-LEASE-8145 |
| Recommended CPE: | 2.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Overview |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Accounting
|
|
|
|
Learning Objectives
- Determine whether an arrangement contains a lease as well as how to classify that lease.
- Recognize the recognition and measurement requirements for both lessees and lessors.
- Identify the classification criteria for sales-type, direct financing, and operating leases.
- Identify the overall requirements for lease modifications.
- Recognize the criteria used for sale and leaseback transactions.
- Identify the presentation requirements for both lessees and lessors.