Accounting  |  Format: Flash

ASU 2016-02: Lease Accounting - An Overview

Course Overview
This course provides an overview of the new lease accounting standards issued by the FASB in 2016. This includes the considerations for identifying whether a contract contains a lease, the transactions in scope of the new standards, as well as both lessee and lessor lease classification and measurement principles. Additionally, the course also provides an overview of the presentation and disclosure requirements for lease transactions.

Learning Objectives
After completing this course, the course participant should be able to:

  • Identify whether a contract contains a lease.
  • Identify transactions within the scope of the new lease accounting standards.
  • Differentiate between finance and operating lease classifications.
  • Apply the measurement and subsequent measurement principles for leases.
  • Recognize the principles with respect to sale and leaseback transactions.
  • Identify the presentation and disclosures requirements for both lessees and lessors.
  • Identify the effective date of the new lease accounting standards.
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    Catalog Number: 99FLE32
    CPE Credits: 2 Registry / 2 QAS
    Author: John M. Fleming, CPA, MBA
    Prerequisites/
    Advanced Preparation:
    Course Level: Basic
    Field of Study: Accounting
    Content Partner: SmartPros Ltd.
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     Adobe® Flash® Player 9 or higher
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Sound card with speakers/headphones
     Windows or Mac OS
    Release/Expiration Dates: May 02, 2016 / Jul 01, 2020

     

     

     

     

     

     

    http://education.smartpros.com/includes/cpe/coursedetail.asp?CPECatalogID=25565&CourseID=17272