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GASB: Accounting for Operating Leases with Scheduled Rent Increases 2 Credits

GASB: Accounting for Operating Leases with Scheduled Rent Increases 2 Credits

  • Rating

    4.1
  • Reviewed on

    February, 2024
  • Subject Area

    Accounting (Govt.)

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Mar 28, 03:00 PM ET

Learning Objective

  • To discuss the latest information regarding accounting for operating leases with scheduled rent increases.
  • To review the overall guidance on accounting for operating leases with scheduled rent increases. 
  • To know how to apply presentation rules and exceptions.
  • To review the recognition, measurement, and presentation constraints.
  • To look at disclosure and presentation requirements.
  • To write the appropriate Notes.
  • To know the unique disclosure and presentation requirements of accounting for operating leases with scheduled rent increases. 
  • To discuss required note disclosures.

Course Overview

This presentation describes the standards of the Governmental Accounting Standards Board (GASB) for Accounting for Operating Leases with Scheduled Rent Increases.

This standard for accounting for operating leases with scheduled rent increases specifies accounting and financial reporting by state and local governmental entities for operating leases with scheduled rent increases, regardless of the fund type used to report the lease transactions.

This CPE Accounting (Govt.) webinar is a resource that will help accounting professionals responsible for accounting for operating leases with scheduled rent increases.

Key topic covered in this course:

  • Basic concepts, scope, and applicability of accounting and financial reporting for risk financing and related insurance issues.
  • Planning the approach: accounting and financial reporting for risk financing and related insurance issues, accounting policies, and decision criteria.
  • Sizing up the impacts of accounting and financial reporting for risk financing and related insurance issues: questions you need to ask.
  • Specific rules and unique provisions for accounting and financial reporting for risk financing and related insurance issues.
  • Disclosure and presentation requirements.
  • Notes to financial statements.

This webinar outlines an easy-to-understand step-by-step procedure for accounting for operating leases with scheduled rent increases.

  • 2 CPE Credit of Accounting (Govt.) for Certified Public Accountants (CPA-US)
  • 2 General Credit of Accounting (Govt.) for Accountant/Bookkeeper/Tax Professionals
  • 2 CPE Credit of Accounting & Auditing (Govt.) for Certified Internal Auditors (CIA)
  • 2 CPE Credit of Accounting & Auditing (Govt.) for Certification in Risk Management Assurance (CRMA)
  • 2 CPE Credit of Accounting & Auditing (Govt.) for Certified Government Financial Manager (CGFM)
  • 2 CPE Credit of Accounting & Auditing (Govt.) for Certified Government Auditing Professional (CGAP)
  • 2 CPE Credit of Accounting & Auditing (Govt.) for Internal Audit Practitioner (IAP)
  • 2 CPE Credit of Accounting & Auditing (Govt.) for Qualification in Internal Audit Leadership (QIAL)
  • 2 CPE Credit of Accounting (Govt.) for Iowa Licensed Public Accountant (IA-LPA)
  • 2 CPE Credit of Accounting (Govt.) for Maine Licensed Public Accountant (ME-LPA)
  • 2 CPE Credit of Accounting (Govt.) for Delaware Licensed Public Accountant (DE-LPA)

  • 2 CPE Credit of Accounting (Govt.) for Certified Public Accountants (CPA-US)
  • 2 General Credit of Accounting (Govt.) for Accountant/Bookkeeper/Tax Professionals
  • 2 CPE Credit of Accounting & Auditing (Govt.) for Certified Internal Auditors (CIA)
  • 2 CPE Credit of Accounting (Govt.) for Certified Fraud Examiner (CFE)
  • 2 CPE Credit of Accounting & Auditing (Govt.) for Certification in Risk Management Assurance (CRMA)
  • 2 CPE Credit of Accounting & Auditing (Govt.) for Certified Government Financial Manager (CGFM)
  • 2 CPE Credit of Accounting & Auditing (Govt.) for Certified Government Auditing Professional (CGAP)
  • 2 CPE Credit of Accounting & Auditing (Govt.) for Internal Audit Practitioner (IAP)
  • 2 CPE Credit of Accounting & Auditing (Govt.) for Qualification in Internal Audit Leadership (QIAL)

Additional Information

Credits

2

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Elevate Your Career with Michel Morley's CPE Courses at myCPE
Michel Morley

Founder, Mike Morley

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Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.

An entertaining and informative speaker and trainer, Mike is the author of:

“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.

 “Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.

“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

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What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

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Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Ratings and Review

4.1

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RY

Rohit Yadav, CPA Student

Good

RN

Rachel Nowinski, CPA (US)

I was hoping for some actual examples of recording leases to both the lessee and the lessor. The presenter's delivery was monotone.

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