New

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

Code: JI164931

Date Valid for one year from purchase date
Format Self-Study (On-Demand)
CPE credits CPE 8.0
Field(s)
of study
Accounting - Technical (8.0)
Fees
Standard member fee $129.00
checkmarkStandard nonmember fee $169.00

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Description

This new CPE course provides you with an in-depth examination of the new standard, including identification, recognition, measurement, presentation, and disclosure requirements. The course addresses both the lessee and lessor accounting models with examples to illustrate application of the new standard. For the lessee accounting model, the course explores lease classification, amortization of the right-of-use asset, and interest on the lease liability. For the lessor accounting model, the course explores transfer of risk, profit recognition, and collectibility.

The course also covers short-term leases, purchase options, and variable lease payments, as well as sale and leaseback transactions. Plus, given the significant differences between ASU 2016-02 and IFRS 16, Leases, the course includes a chapter that examines the differences between the two standards.

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

Notes:

Course code Code JI164931
Sponsor AICPA
NASBA ID#: 112891
Level Intermediate
Format Self-Study (On-Demand)
Prerequisites Prereq. None
Advance
prep
None