Accounting for Leases

Price: $19.99

CPE Credits: 2.0

Category:

Course Number: AALEASSB

accounting for leases cpe

Description:
The Accounting for Leases course discusses the different components of leases, the types of leases that may be used by a lessee and lessor, and the accounting for each type of lease. The course also addresses how lease liabilities and right-of-use assets are calculated and presented in the financial statements. A number of additional topics are addressed, including the treatment of initial direct costs, sale and leaseback transactions, and lease-related disclosures. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author:Steven Bragg

Publication: April 2016

Format: PDF
Pages: 45

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Identify the reasons why a lease can be useful for a lessee.
  • Note the leasing rules related to asset substitution.
  • Recognize the situations to which lease accounting does not apply.
  • Recall the circumstances under which a separate lease component is considered to exist.
  • Note the different types of lease payments.
  • Identify the special rules related to leases from government entities.
  • Recall how the 12-month lease exception works.
  • Identify the unique characteristics of sales-type and direct financing leases.
  • Note the restrictions on the use of the risk-free discount rate when deriving a lease present value.

 

Overall Course Rating: 5/5 – “This two hour class was excellent and could be the basis for a longer class by  adding journal entries to the case studies, review questions and exam questions” – Caroline W. 12/31/17

5 Star CPE Rating

Description:
The Accounting for Leases course discusses the different components of leases, the types of leases that may be used by a lessee and lessor, and the accounting for each type of lease. The course also addresses how lease liabilities and right-of-use assets are calculated and presented in the financial statements. A number of additional topics are addressed, including the treatment of initial direct costs, sale and leaseback transactions, and lease-related disclosures. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author:Steven Bragg

Publication: April 2016

Format: PDF
Pages: 45

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Identify the reasons why a lease can be useful for a lessee.
  • Note the leasing rules related to asset substitution.
  • Recognize the situations to which lease accounting does not apply.
  • Recall the circumstances under which a separate lease component is considered to exist.
  • Note the different types of lease payments.
  • Identify the special rules related to leases from government entities.
  • Recall how the 12-month lease exception works.
  • Identify the unique characteristics of sales-type and direct financing leases.
  • Note the restrictions on the use of the risk-free discount rate when deriving a lease present value.

 

Overall Course Rating: 5/5 – “This two hour class was excellent and could be the basis for a longer class by  adding journal entries to the case studies, review questions and exam questions” – Caroline W. 12/31/17

5 Star CPE Rating

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    - Draper

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    - Thomas

  • “Thank you for a high quality CPE resource. As a CPA in a small nonprofit, I find your library quite helpful to meet my needs. I appreciate the service.”- 

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