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.

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.

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

  • Thank you Patricia. I really love your courses. I learned so much about excel this weekend!”

    - Connie K.

  • Thank you for providing very informative CPEs. I have enjoyed your courses for years now. Yours is truly my go-to CPE sources.

    - Lily

  • “I am extremely impressed with the courses and the reasonable price.” -Janet A. May 2017

    - Janet