This course provides a high-level overview of the accounting and reporting requirements related to lease transactions as outlined in ASC Topic 842. This course addresses the process of determining whether an arrangement contains a lease and the resulting lease classification. This course also addresses recognition requirements as well as some high-level presentation & disclosure topics.
Learning Objectives
- Explore and determine whether an arrangement contains a lease.
- Discover and list the criteria for lease classification.
- Identify how leases are initially and subsequently measured.
- Recognize impacts from lease modifications.
- Identify presentation and disclosure requirements for lease transactions.
Last updated/reviewed: August 5, 2023
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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
.
Kelen CamehlCPA, MBA