
An Overview of Lease Accounting
Gain an overview of lease accounting to gain competence in working with contracts.
Format
Online
NASBA Field of Study
Accounting
Level
Intermediate
CPE Credits
1.5
Author(s)
Daryl G. Krause
Availability
1 year
Product Number
LEASOV21SSO
Leases overview Implementation
Get a bird’s-eye view of FASB ASC 842, Leases, and learn how a lease contract is identified, recognized, initially measured, subsequently measured, presented in the financial statements, and disclosed in the notes to the financial statements.
Also gain a high-level view of lease modifications, sale and leaseback transactions, and tips on implementing FASB ASC 842.
- Accountants and finance professionals as well as legal staff and other stakeholders from procurement, IT, and anyone who enters into contracts.
- Identifying a lease
- Classifying a lease
- Lessee accounting
- Lessor accounting
- Lease modifications
- Sale and leaseback transactions
- Financial statement and disclosure requirements
- Implementing FASB ASC 842
- Recognize arrangements that meet the requirements for lease accounting under FASB ASC 842, Leases.
- Recognize lessee accounting requirements for operating leases and finance leases under FASB ASC 842.
- Recognize lessor accounting requirements for sales-type, direct financing, and operating leases under FASB ASC 842.
- Recognize accounting requirements for lease modifications under FASB ASC 842.
- Recognize accounting requirements for sale and leaseback transactions under FASB ASC 842.
- Recognize presentation requirements for lessees and lessors under FASB ASC 842.
- Recognize business factors to consider when implementing FASB ASC 842.
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