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21SI-0043: Leases: Mastering the New FASB Requirements (Self-Study)

Date Valid for one year from purchase date
Format On-Demand
CPE credits CPE 9.0
of study
Accounting - Technical (9.0)
Standard Member Fee $159.00
Standard Nonmember Fee $200.00


FASB ASC 842 requires organizations to recognize lease assets and liabilities on the balance sheet and to disclose key information about lease arrangements. This self-study course provides an in-depth look at the new leases standard, FASB ASC 842, covering identification, recognition, measurement, and presentation and disclosure requirements.

Both the lessee and lessor accounting models, as well as short-term leases, purchase options, variable lease payments, and sale and leaseback transactions are addressed. Also included is a chapter that examines the differences between FASB ASU No. 2016-02 and IFRS 16. This course features examples that include journal entries and lease amortization schedules to illustrate a lessee's accounting for finance and operating leases, as well as lease modifications.

Product Format: Slides, No Audio

Who should take this program?

Accountants in practice and industry

Major subjects

  • Lease classification
  • Amortization of the lease asset
  • Derecognition of the underlying asset
  • Recognition of lease receivables

Learning objective(s)

  • Identify a lease under the new leases standard.
  • Identify recognition and measurement requirements of the new leases standard.
  • Identify presentation and disclosure requirements of the new leases standard.
  • Prepare journal entries


Course code Code 21SI-0043
Sponsor AICPA
NASBA ID#: 112891
Level Intermediate
Format On-Demand
Prerequisites Prereq. Experience in the application of accounting standards.
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