The Bottom Line on New Lease Accounting Requirements
Which leases are within the scope of FASB ASC 842, Leases, and what are the basic accounting, financial reporting and disclosure requirements? This course addresses those questions by focusing on the basic core principles of this new major standard. Discussion includes basic identification, recognition, measurement, presentation and disclosure requirements. Case study exercises are included to illustrate application of the standard.
This course is intended to familiarize the learner with the key aspects of the new leases standard, FASB ASC 842. When you complete this course you will be able recognize arrangements which meet the scope requirements for lease accounting under FASB ASC 842, lessee accounting requirements for operating leases and finance leases under FASB ASC 842. Recognize lessor accounting requirements for sales-type, direct financing and operating leases under FASB ASC 842.
Accountants in practice and industry. Experience in application of accounting standards.
Applicable if you are a NVCPA member in good standing.
Applicable if you are not a NVCPA member.
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