Courses

Surgent's What You Need to Know About ASC 842, Leases

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Member Price: $49.00 Non-Member Price: $64.00

Developer:: SURGENT MCCOY SELF-STUDY CPE, LLC
CPE Credits:: Accounting: 1.00
Fields of Study:: Accounting
Level:: Intermediate

In this one-hour overview course, we'll review the key accounting aspects of ASC 842, primarily from a lessee's perspective. The course will review lease classification, measuring and recording lease liabilities and related assets, and subsequent accounting for both finance and operating leases. The course will also discuss transition accounting for ASC 842 and provide examples of the disclosures required under the standard.

Objective

Comprehend and apply the FASB’s comprehensive lease accounting guidance found in ASU No. 2016-02, Leases (Topic 842)
Recall operational issues in adopting the lease accounting standard

Highlights

ASU No. 2016-02, Leases (Topic 842)
Overall lease accounting guidance
Lessor Accounting 101
Detailed review of accounting by lessees
Updates to the lease accounting guidance

Designed For

Practicing CPAs and their staffs, both in public accounting and business and industry -- controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review

Prerequisite

Experience in financial accounting and reporting

Advanced Preparation

None