This course provides an in-depth overview of the assessment of whether or not an arrangement is or contains a lease. This includes a discussion of specific guidance prescribed by ASC Topic 842 as well as additional interpretive guidance provided by several of the Big 4 accounting firms. This course also addresses the short-term lease exception available in ASC Topic 842.

Learning Objectives
  • Discover and determine whether an arrangement is or contains a lease.
  • Explore and determine whether an arrangement includes an identified asset.
  • Identify considerations with respect to substitution rights and decision-making rights.
  • Recognize the short-term lease exception prescribed by ASC Topic 842.
Last updated/reviewed: August 9, 2023
11 Reviews (38 ratings)

Reviews

5
Anonymous Author
the course is very informative! This is a must take course if you wish to obtain an overview of leases. The material and examples are very good, and the final exam is on point.

4
Anonymous Author
As always, the instructor course documents are written and presented in a manner that makes the subject matter easy to follow and very relatable.

5
Member's Profile
Good course and course material. Very informative as a review or for someone first learning about these concepts.

5
Anonymous Author
Interesting course about leases that is complementative to the other lease course previously offered.

5
Anonymous Author
Good text-based overview of a new lease standard. Great instructor.. do lookup his other courses..

4
Anonymous Author
Good overview on concepts in the leasing standard. Very beneficial for folks dealing with leases.

5
Member's Profile
Leases are one of the toughest subjects to learn in accounting, but this course made it so easy!

4
Anonymous Author
Great summary of the new leasing standard and examples to illustrated different key points.

5
Member's Profile
Good course on explanation of leases and terms with alternative assets.

5
Anonymous Author
Short but well laid out - easy to follow. Graphs helped alot

5
Anonymous Author
Great overview and refresher of this lease topic. Thanks!

Prerequisites
Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
COURSE MATERIAL
  Do I Have a Lease? (Text Based Course)PDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam