$196.00
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Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
Secure Transaction CPE Credits
4 Credits: Accounting
Course Level
Basic
Format
Webcast
Course Description
This course provides an overview of the accounting standards related to lease transactions, equipping participants with the skills to identify situations where the standards apply and to understand their historical context and purpose. Through in-depth analysis, participants will learn to distinguish between leases and service contracts, classify leases appropriately, and apply key provisions for both initial and subsequent measurement. The course also covers finance and operating leases for lessees, the disclosure requirements, and the potential impact of these standards on stakeholders.
Learning Objectives
Upon successful completion of this course, the participant should be able to:
- Identify the situations to which the standard applies
- Describe the history and reasons for the standard
- Identify the difference between a lease and a service contract
- Identify the proper classification of a lease
- Apply the provisions for initial measurement
- Apply the provisions for subsequent measurement
- Apply the provisions for a finance lease for a lessee
- Apply the provisions for an operating lease for a lessee
- Describe the required disclosure
- Describe the potential impact of the standard on stakeholders
Course Specifics
WC11196658
October 30, 2024
None
None
Compliance Information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Jeff Sailor, CPA, received a master’s degree in accounting from the University of Florida. Upon graduation, he joined the auditing staff at Peat Marwick in Jacksonville, Florida, where he worked on a large number of national accounts. Jeff has managed his own accounting firm in Ocala, Florida, since 1984. During that time, he has also developed unique auditing approaches and auditing software. Since 1992, Jeff has been teaching accounting and auditing courses he developed to combat traditional “boring CPE.” Using a variety of creative teaching methods sprinkled with humorous video spoofs, Jeff is able to combine his in-depth accounting insights …
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