Accounting For Leases FLEXCAST
Available Until
Your Desk
4.0 Credits
Member Price $49.00
Non-Member Price $56.00
Overview
This course provides an overview of the accounting standards related to lease transactions, equipping participants with the skills to identify situations where the standards apply and to understand their historical context and purpose. Through in-depth analysis, participants will learn to distinguish between leases and service contracts, classify leases appropriately, and apply key provisions for both initial and subsequent measurement. The course also covers finance and operating leases for lessees, the disclosure requirements, and the potential impact of these standards on stakeholders.
Highlights
Accounting standards related to lease transactions.
Prerequisites
None.
Designed For
CPAs.
Objectives
Identify the situations to which the standard applies. Describe the history and reasons for the standard. Identify the difference between a lease and a service contract. Identify the proper classification of a lease. Apply the provisions for initial measurement. Apply the provisions for subsequent measurement. Apply the provisions for a finance lease for a lessee. Apply the provisions for an operating lease for a lessee. Describe the required disclosure. Describe the potential impact of the standard on stakeholders.
Preparation
None.
Notice
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
Leader(s):
Leader Bios
Jeff Sailor, Western CPE
Jeff Sailor, CPA, received a master’s degree in accounting from the University of Florida. Upon graduation, he joined the auditing staff at Peat Marwick in Jacksonville, Florida, where he worked on a large number of national accounts. Jeff has managed his own accounting firm in Ocala, Florida, since 1984. During that time, he has also developed unique auditing approaches and auditing software.
Since 1992, Jeff has been teaching accounting and auditing courses he developed to combat traditional “boring CPE.” Using a variety of creative teaching methods sprinkled with humorous video spoofs, Jeff is able to combine his in-depth accounting insights with humor in high-energy presentations. He’s also adept at presenting complex topics in a very practical, easy-to-understand manner, thus earning him rave reviews for more than 20 years. Jeff currently presents seminars, webcasts, and in-house instruction for Western CPE. He’s also a featured speaker at national conferences as well as at state and regional meetings.
For more than 10 years, Jeff has served as an AICPA peer reviewer, focusing on small firms and sole practitioners. He also served on the Resource Committee for the Private Company Financial Reporting Committee (PCFRC). Jeff has spoken at two NASBA national conferences on how to make education more engaging for practitioners.
Non-Member Price $56.00
Member Price $49.00