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Transition, Special Transactions, and Implementation

Accounting

Transition, Special Transactions, and Implementation

Course 21505A · 2 hrs · CPA

Wrapping up the series, this course tackles the practical side of adopting ASU 2016-02. It covers transition methods and effective dates, then addresses specialized situations including sale and leaseback transactions and leveraged lease arrangements. The course also examines the broader impact of the new standard on financial statements, unique considerations for nonpublic entities, covenant implications, and strategies some entities use to avoid lease capitalization. A real-world case study for a private company lessee ties the concepts together for immediate application.

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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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Transition, Special Transactions, and Implementation
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About Pacific CPE

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.

Who We Serve:

CPAs — CPE credit for state license renewal (NASBA Sponsor #143718).

Enrolled Agents, AFSP participants, and other PTIN holders — IRS continuing education credit (IRS CE Provider #TJTMJ).

Courses and Formats:

We currently offer 360 active self-study courses in Accounting, Auditing, Business, Ethics, and Taxes. Each course is 2 credit hours and can be read online or downloaded as a PDF, with audio versions available for select courses. Exams are taken online with instant grading, retakes are free, and completion certificates are available immediately in your account.

Pricing:

Pay-as-you-go credit packs — no subscription required. Packs range from $64.50 (16 credits) to $224.50 (80 credits), which works out to $2.81–$4.03 per credit hour, or roughly $5.62–$8.06 per 2-hour course at pack rates. Credits never expire and can be used on any course in the library.

IRS Credit Reporting:

All courses completed with a passing score are automatically reported to the IRS as long as you have provided your PTIN number to us. Courses are reported every business day, but please note that the IRS may take up to 48 hours to post recently reported credits in your PTIN account online.

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License Information:

NASBA Sponsor ID: 143718

IRS CE Provider ID: TJTMJ

Website: https://pacificcpe.com
Frequently Asked Questions

No, your credits will never expire. You can use your credits anytime to select and complete any course in our library.