On-Demand

1 CPE

Surgent's What in the FASB Were They Thinking! Not-for-Profits and Leases

On-Demand
1 CPE

This course is delivered as a recorded video. After completing all sessions, you must pass the final exam with a minimum score of 70% to receive credit.

Not-for-profits enter into leases for many types of assets. This course is designed to help you understand the core components of not-for-profit lessee accounting under FASB ASC 842, Leases. You will learn the important definitions involved, the key decision points involved in applying the standard, and how to think through those decision points.

Learning Objectives

  • Skillfully prepare for the implementation of FASB ASC 842
  • Become comfortable with the application of FASB ASC 842 in the not-for-profit environment

Major Topics

  • Evaluating whether a contract meets the definition of a lease
  • Properly calculating the lease term
  • Determinations and decisions to be made with regard to short-term leases
  • Distinguishing operating leases from finance leases

CPE Credits Available

1 CPE
1
Accounting (Governmental)

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Accounting & Auditing
  • Governmental
  • Not-for-Profit/Non Profit

Prerequisites

Some introductory background in not-for-profit accounting

Advanced Preparation

None

Intended Audience

Not-for-profit industry professionals and auditors

Provider

Surgent CPE

Purchase This Course

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    $ 49 49
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  • COCPA Non-Member

    $ 64 64
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