CPE Credit Hours: 8
Field of Study: Accounting
Publication date: November 2022
The purpose of this course is to review the changes made to lease accounting by ASU 2016-02, Leases, (as further amended by ASU 2018-01, Land Easement – Practical Expedient for Transition to Topic 842), and numerous other amendments. It also establishes the principles that lessees and lessors shall apply to report useful information to users of financial statements about the amount, timing, and uncertainty of cash flows arising from a lease.
Topics include a review of the new rules for lessees and lessors, the types of leases, how to account for the balance sheet, income statement and cash flows statement impacts of different types of leases, the implementation requirements, and more.
This is a self-study CPE course.
Program level: Overview
Prerequisites: Basic understanding of U.S. GAAP
Advanced Preparation: None Required
Minimum Final Examination Passing Grade: 70%
Maximum Time Allowed To Complete Program: One Year From Date of Purchase
