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Foundations of the New Lease Standard of ASC 842

Accounting

Foundations of the New Lease Standard of ASC 842

Course 21501A · 2 hrs · CPA

Get up to speed on ASC 842 and what changed from legacy GAAP. This course covers the background and basic concepts of ASU 2016-02, walks through how previous lease accounting compared to the new standard on the lessee side, and dives into the critical definitions, scope exceptions, and rules for identifying whether a contract actually contains a lease. Packed with illustrations, it gives practitioners the conceptual grounding they need before tackling the more technical classification and measurement rules.

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  • Hours: 2
  • Exam questions: 10
  • Eligible for: CPA
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NASBA Area: Accounting

CPE requirements: See your state's CPE requirements

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Foundations of the New Lease Standard of ASC 842
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Pacific CPE is a NASBA-approved and IRS-approved provider of online self-study continuing professional education (CPE) for CPAs, Enrolled Agents (EAs), and other tax professionals.

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