Do I Have a Lease?

Overview

This course provides an in-depth overview of the assessment of whether or not an arrangement is or contains a lease.  This includes a discussion of specific guidance prescribed by ASC Topic 842 as well as additional interpretive guidance provided several of the Big 4 accounting firms.  This course also addresses the short-term lease exception available in ASC Topic 842. 

Learning Objectives

Upon completion of this course, you will be able to:

·       Determine whether an arrangement is or contains a lease

·       Determine whether an arrangement includes an identified asset 

·       Identify considerations with respect to substitution rights and decision-making rights

Recognize the short-term lease exception prescribed by ASC Topic 842

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
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