Lease Accounting: Core Concepts ON DEMAND
Available Until
Your Desk
2.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
Prior to this self-study CPE course, the multifaceted aspects of lease accounting, from different lease types to the specifics of lease liabilities and disclosures, might seem overwhelming. “Lease Accounting: Core Concepts” serves as a bridge, transitioning you from uncertainty to clarity. The online CPE course provides comprehensive coverage of lease components, types, and accounting methods, as well as critical topics like lease liabilities, right-of-use assets, and lease-related disclosures. After completing this self-study CPE course, you will move from a state of apprehension to being well-versed in lease accounting, equipped to identify unique lease characteristics and apply the 12-month lease exception effectively. This newfound expertise will enable you to manage lease accounting with confidence, enhancing your value as a knowledgeable and reliable professional in the accounting and finance field.
Highlights
Lease components. Asset and liability recognition. Lease recognition topics. Variable lease payments. Lease modifications. Elections. Sale and leaseback transactions. Lease presentation. Lease disclosures.
Prerequisites
None.
Designed For
CPAs, CFOs, controllers, financial professionals, and auditors.
Objectives
Identify the reasons why a lease can be useful for a lessee. Note the leasing rules related to asset substitution. Recognize the situations to which lease accounting does not apply. Recall the circumstances under which a separate lease component is considered to exist. Note the different types of lease payments and the costs associated with them. Identify the special rules related to leases from government entities. Recall how the 12-month lease exception works. Identify the unique characteristics of sales-type and direct financing leases. Note the restrictions on the use of the risk-free discount rate when deriving a lease present value.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $33.00
Member Price $29.00