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Key Highlights

A detailed course on Lease Accounting

Continuing Education approved courses for Multiple Qualifications

On-Demand Courses

Individual Certificates for each Module

Courses authored by Subject Matter Experts

Shareable Certificate on LinkedIn

What You’ll learn

This certification course on lease covers comprehensive guidance on identification, recognition, measurement, and presentation and disclosure requirements of lease accounting. It addresses both the key perspectives of lessor and lessee for the accounting model. The course is a great value as it includes real-life examples and illustrations along with theoretical knowledge to ensure a smooth learning process.

Get Deeper Understanding of:
  • Leases in contracts

  • Business processes for leases

  • Lease amount to be capitalized

  • Updated pronouncements on lease

  • Impact of the new standard on financial position of the company

Recommended For:
  • CMA, CPA (US), COA, and Other Accounting Professionals who want to understand the business impacts of the New Lease Standard.

  • Accountants, and accounting professionals at any level in public or private organizations who desire to upgrade to reporting under New Lease Standard.

  • Business owners, and any other professionals who desire to implement ASC 842 lease transactions and their updates.

Why become a Certified Lease Accounting Professional with myCPE?

Resources included
  • Handout PDFs for every Module
  • Glossary/Key Terms for every Module
  • Q&A directly with instructors.
Career Opportunities
  • Lease Accounting Analyst
  • Fixed Assets/Leases Accountant
  • Senior Accountant - Lease Abstraction
  • Analyst - Accounting and compliance
  • Financial Analyst
  • Finance Specialist - Accounting operations
Value Addition to your skills
  • Financial analysis
  • Analytical skills
  • Communication skills
  • Decision making skills
  • Business acumen
  • Attention to detail

Modules

Module Name

Duration

Learn the Basics of Leases: Find out Why ASC 842 Came into Effect

2 Hours

  • To identify leases in contracts and explain the right-of-use model in lease accounting
  • To differentiate between an operating lease and finance lease
  • To summarize the criteria of accounting for a finance lease
Instructor
Samuel Monastra
Samuel Monastra

Certified Public Accountant (CPA) , Samuel Monastra

The New Lease Standard: A New Focus

2 Hours

  • To differentiate between the old standard in Topic 840 and the new one in Topic 842
  • To discuss the most up-to-date pronouncements in recently issued Accounting Standard Updates. 
  • To discuss how to present leases on the financial statement
Instructor
Kenneth Heaslip
Kenneth Heaslip

Director , Cullari Carrico, LLC

How to Implement ASC 842 and have Time to Sleep? Fears of Changes - What to do?

2 Hours

  • To begin the process to implement the new lease accounting standard
  • To have an enhanced understanding of best practices to implement the new standard
  • To discuss how the new standard will have an impact on the financial position of the company
Instructor
Samuel Monastra
Samuel Monastra

Certified Public Accountant (CPA) , Samuel Monastra

The New Lease Standard: Implementation Issues

2 Hours

  • To discuss the application of the new lease standard
  • To recognize the applicability of the standard and the challenges in identifying when a lease exists
  • To analyze the financial statement presentation of leases on the balance sheet, income statement, and statement of cash flow
Instructor
Kenneth Heaslip
Kenneth Heaslip

Director , Cullari Carrico, LLC

ASC 842 – Leases

2 Hours

  • To recognize the principles of FASB ASC 842
  • To identify what are the lessor and lessee perspectives for applying leasing accounting policies?
  • To explore the disclosure requirements
Instructor
Michel Morley
Michel Morley

Founder , Mike Morley

IFRS 16: Leases

2 Hours

  • To identify how to account for leases
  • To grasp difference for lessees and lessors
  • To discuss the required disclosures for IFRS 16
Instructor
Michel Morley
Michel Morley

Founder , Mike Morley

Instructors

Testimonials

Disclaimer

Certificate awarded upon the successful completion of the myCPE Advanced Certification Program is proof that user has successfully undergone the training and passed the quiz. This certificate marks completion of the said courses and learning activities and completion of the review quiz to earn continuing educational credits for specific qualification mentioned. This advance certificate program is not approved by any educational institution, training institute or regulatory body.

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Frequently Asked Questions

The “Lease Accounting Certification (LAC)” covers a significant portion concerning lease accounting. It covers the basics of lease accounting, introduction to ASC 842 and updates in the new lease standards, how to implement the same, and common pitfalls in implementing new lease standards. Furthermore, it includes a detailed module on IFRS 16 covering crucial aspects of lease accounting.

The Lease Accounting Certification (LAC) provides key technical underpinnings and explanations to explore lease accounting. With key theoretical understanding and practical explanations including insights and pitfalls, it represents an invaluable support for the successful implementation of lease accounting in your practice. Best practices and key areas highlighted effectively, deliver the best of the learnings that a professional requires.

Certificate course is created by a qualified and experienced instructor(s). myCPE Certificate Courses includes Self-study Courses. Most of the courses are in the form of On-demand Videos. The Self-study Video courses in Certificate courses may be Live recorded presentations converted into Self Study (On-Demand Videos).

You can take your time and attend the course at your own pace. You can take exam unlimited time. So, don’t worry, if you are not able to pass an exam. You will be getting a chance to attend the exam again.

After completion of each course of this Certification Programs, you will be able to download a certificate with the course title and number of hours. Certificates, as well as your study records, are stored for life and you can access them anytime. Certificates are valid proof for your continuing education credits and you can also add it as an additional designation.

Once you register you will have complete access to all the courses of this Certification Programs. The self-study format allows you to access the material online 24x7 and study at your own pace.

As per NASBA guidelines, you have one year from date of purchase of your certificate to complete each program. After completion of each course, you can attend final exam any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.

Course have minimum passing score of 70% in the final exam and you can take multiple attempts of the said exam.

Our video player tracks & stores the watch time and will show you in the progress bar. But you make sure that you don’t fast forward or manually try to move the progress bar. If you have fast forwarded the video or tried to manually move the progress bar of the video. System wouldn’t capture your watch time. So please, let the video go on its own. However, being on-demand video you can pause and play and whenever you want and you can watch it in pieces. It will pick up from where you left off. So, for a self study courses you will have to
1. Complete the entire video 100%.
2. Answer all the review questions correctly. The review questions are at the bottom of the same page where you are viewing the course video.
3. Once you have watched the whole video and answered all the review questions, the Final Quiz will open up. You need to score more than 70% in the Final Quiz to avail your CPE credit. Multiple attempts are allowed for submitting Review and Final Quiz questions.
4. Once you have completed the Review and Final quiz questions, you shall be able to download the credit certificate from the ‘My Certificates’ section. Kindly ensure you have allowed Multiple File download from your web browser to download all certificates.
5. You can download individual certificate from your "Account" as well as from this page once you complete a particular courses. Also, you can download "Consolidated Certificate" from the package page or from your account.

A Self-study course is a recorded video (If it’s a recording of a live course you may see polling questions appearing on the screen. You do not need to answer the polling questions and just let the video play). Do not fast forward. If you fast forward, we may not be able to capture your watch time and you may be required to watch it multiple times. In order to avail your credits for the self-study course, you need to answer the review questions correctly and complete the entire video. Once you have done that, the Final Quiz will open up in which you need to score a minimum 70% to qualify for the credit. You can attempt multiple times for answering the review questions and Final quiz questions. Once you have completed the Review and Final quiz questions, you shall be able to download the credit certificate from ‘My Certificates’ section.
If neither of the above cases works, please drop an email to support@my-cpe.com or contact our support team through live chat support.

The evaluation form will be sent to attendees in the next 24 hours after passing the final quiz with at least 70% marks. Kindly note that the evaluation form will only be available to attendees who remained logged in till the end of the course and answered all the polling questions.

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"For some, Continuous Education is a compliance that helps them to renew their licenses. For some, it’s a worthwhile learning experience that keeps them and their firm up-to-date by taking valuable insights from continuing education courses / courses. At myCPE, we believe in providing quality continuing education beyond CPE credits. myCPE, the first ever web & mobile CPE/CE platform has launched a path-breaking social initiative “1 Credit = 1 Meal” under which we donate one meal to an underprivileged for each credit earned by a professional on our Platform. Check out our “1 Credit = 1 Meal” Timeline."