Lease Accounting Fundamentals – ASC Topic 842
Original price was: $24.99.$14.99Current price is: $14.99.
What you may be taught
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Discover and acquire a fundamental understanding of the brand new accounting guidelines pursuant to ASC Topic 842.
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Explore and perceive the accounting for Finance and Operating lease for Lessees.
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Explore and perceive the accounting for Operating, Direct Financing and Sales-Type leases for Lessors.
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Identify and calculate proper of use asset, lease legal responsibility, curiosity expense and amortization of the leased asset.
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Identify and evaluate particular examples of lease accounting for each Lessee and Lessor.
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Discover and focus on the straight-lining of leases.
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Explore and perceive the benefits and drawbacks of leasing.
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Discover and focus on the brand new monetary assertion disclosures for leases.
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Identify and analyze the monetary influence on firm monetary statements, accounting course of and monetary ratios of the brand new guidelines.
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Recognize the efficient dates of ASC 842.
This program gives a fundamental understanding of the brand new lease accounting guidelines pursuant to Accounting Standards Codification Topic 842 issued in February 2016. ASC 842 makes substantial adjustments to the accounting for leases primarily for the Lessee. A lease conveys the precise to the Lessee to regulate the usage of recognized property, plant, or tools for a time frame in change for consideration to the Lessor. For the Lessee, leases are both Finance leases or Operating leases.
The Lessee will file a proper of use asset and a lease legal responsibility for all leases with a time period better than one yr. A Finance lease should meet one among 5 necessities, 4 of that are just like prior capital lease accounting. If a lease isn’t a Finance lease, it’s an working lease. Most leases of kit can be Finance leases and house leases can be Operating leases. For the Lessor, a lease is both an Operating lease, Direct Financing lease, or Sales-Type lease. In common, the accounting for the Lessor has not modified considerably from the prior guidelines. Accounting for leases from each the Lessee and Lessors perspective can be analyzed in addition to lease straight-lining, benefits, and drawbacks of leasing, monetary assertion disclosure, and the monetary influence of the brand new guidelines.
Who this course is for:
- Anyone fascinated with Finance Leases.
- Anyone fascinated with Lease Accounting.
10 reviews for Lease Accounting Fundamentals – ASC Topic 842
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Original price was: $24.99.$14.99Current price is: $14.99.
Mark Richards –
Very informative and detailed.
Sue –
There are updates to ASC 842 that should be incorporated. Needs more details behind the last example of the straight line rent.
Debangi Chakraborti –
Engaging, uncomplicated and yet info-loaded. Looking forward to more such courses.
Sujeet Kumar –
the calculation must be explained in details like PV and JE
Anonymized User –
I would like a little more information in the examples how came to some results.
Mark Matz –
The course is an excellent match with my present work responsibilities with lease accounting. The course is answering some questions I’ve had with respect to the new accounting standard.
Ryan Stowe –
Audio sounds like a conference call, and missing some important detail such as explicitly stating how calculations are formed, but a fantastic general overview of 842.
Sunao Yamanouchi –
This training sounded like a conference call type training in public/regional accounting firm. So it was more like info session rather than an academic course. It wasn’t technical. But very useful.
Rahul Gilhotra –
More examples should have been included, the technicals are good.
Esther Kagoda –
more interested in operating leases but I feel that was glossed over.