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FUS871 – Implementing the New Lease Standard – ASU 2016-02

Course and Test $ 125.00
Course and Test PDF $ 100.00
Additional Hard Copy Test $ 24.00
Additional Online Test $ 24.00
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SKU: FUS871 Category:

CPE Credit Hours: 8NASBA Color logo-1 inch

Field of Study: Accounting

Publication date: February 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), and to establish 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.

More Information


This is a self-study CPE course.
Program level: Overview
Prerequisites: Basic understanding of U.S. GAAP and existing lease accounting

Advanced Preparation: None Required
Minimum Final Examination Passing Grade: 70%
Maximum Time Allowed To Complete Program: One Year From Date Of Purchase