Checkpoint Learning

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Accounting for Leases  

CATEGORY: Accounting & Auditing
COURSE ID: CLLEAS, VERSION 9.00
(248)
Online & Mobile, Download
10 CPE Credits

Leveraged leases, real estate leases, lease classification. No matter what area of lease accounting you are involved with, this course offers expert guidance and instruction. A special section includes detailed presentation of accounting and reporting by lessees and lessors. Also, note that in February 2016, the FASB issued its standard on leases, ASC 842. For public companies, the new standard will be effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2018; for private companies, the standard will be effective for annual periods beginning after December 15, 2019. Early adoption is permitted for all companies and organizations. Lessees and lessors are required to use a modified retrospective transition method for existing leases. Accordingly, they would apply the new accounting model for the earliest year presented in the financial statements. This intermediate level course is most appropriate for the professional with detailed knowledge in accounting for leases who may be at a mid level position within an organization with operational or supervisory responsibilities, or both.

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