- NY Credits : 8.0
- TX Credits : 8.0
This course provides an in-depth look at the new lease accounting guidance under ASC 842. With the issuance of ASU 2016-02, the FASB overhauled the lease literature in place since FAS 13 was issued several decades ago. The new guidance has brought all leases onto the balance sheet, whether operating or finance. The course begins by looking at the basic concepts and then considers both the lessee and lessor view of the guidance.
Included with subscription(s):
Upon successful completions of this course, the user should be able to:
identify how the lease guidance has changed with the issuance of ASU 2016-02;
identify the types of leases;
determine the accounting for both lessees and lessors under ASC 842; and
define operating leases, finance leases, sales-type leases, and direct-financing leases.