On-Demand

1 CPE Credit

Surgent's What You Need to Know About ASC 842, Leases

On-Demand
1 CPE Credit

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.

In this one-hour overview course, we’ll review the key accounting aspects of ASC 842, primarily from a lessee’s perspective. The course will review lease classification, measuring and recording lease liabilities and related assets, and subsequent accounting for both finance and operating leases. The course will also discuss transition accounting for ASC 842 and provide examples of the disclosures required under the standard.

Learning Objectives

  • Comprehend and apply the FASB’s comprehensive lease accounting guidance found in ASU No. 2016-02, Leases (Topic 842)
  • Recall operational issues in adopting the lease accounting standard

Major Topics

  • ASU No. 2016-02, Leases (Topic 842)
  • Overall lease accounting guidance
  • Lessor Accounting 101
  • Detailed review of accounting by lessees 
  • Updates to the lease accounting guidance

CPE Credits Available

1 CPE Credit
1
Accounting

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Accounting

Prerequisites

Experience in financial accounting and reporting

Advanced Preparation

None

Intended Audience

Practicing CPAs and their staffs, both in public accounting and business and industry -- controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review

Provider

Surgent CPE

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