Lease Accounting Simplified – What You Need to Stay Compliant ON DEMAND
Available Until
Your Desk
2.0 Credits
Member Price $58.00
Non-Member Price $67.00
Overview
This course offers a concise overview of ASC 842 lease accounting standards, covering how to identify and classify leases. This course also reviews the initial and subsequent measurement, as well as the presentation and disclosure requirements for leases.
Highlights
Lease determination. Lessee lease classification. Recognition and measurement. Subsequent measurement. Lessee accounting. Lessor accounting. Lease modifications. Sale and leaseback transactions. Financial statement presentation requirements. Top challenges in ASC 842.
Prerequisites
None.
Designed For
CPAs, CEOs, CFPs, and other accounting professionals.
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.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Kelen Camehl, Western CPE
Kelen is a recognized author and reviewer of CPE courses and has authored over 85 courses (225+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen has also remained involved in CPA exam content development for nearly 10 years and has authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”.
Kelen has over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Consultant with HP, Inc. in Dallas, TX. Most recently he was located in Budapest, Hungary on a three-year international assignment and served in the company’s Houston, TX location prior to this assignment. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.
Non-Member Price $67.00
Member Price $58.00