The Complete Guide to Revenue Recognition and Leasing’s Core Requirements 8 Credits
Learning mode
Navigating accounting standards can be a daunting task for many professionals, but understanding key concepts such as revenue recognition and lease accounting is essential for accurate financial reporting.
This CPE course provides a clear and practical overview of ASC 606 for revenue recognition and ASC 842 for lease accounting, making it easier to comprehend and apply these standards in everyday business scenarios. The course delves into both the five-step revenue recognition model and the intricacies of lease accounting. Participants will gain hands-on experience with determining contract existence, measuring transaction prices, and allocating them to performance obligations. Additionally, the course offers valuable insights into lease classification, measurement, and the presentation and disclosure requirements under ASC 842.
Key topics covered in this CPE course:
Join this course to stay ahead of the curve and refine your understanding of ASC 606 and ASC 842. With practical, real-world examples and detailed guidance, this course is an essential resource for accounting professionals seeking to master these critical standards.
| License details | Credits | Status |
|---|---|---|
| Accounting for Certified Public Accountants (CPA-US) | 8 CPE | Approved |
| Financial Accounting for Certified Internal Auditors (CIA) | 8 CPE | Eligible |
| Financial Reporting for Certified Management Accountants (CMA) | 8 CPE | Eligible |
| Financial Statement Analysis for Chartered Financial Analyst (CFA) | 8 PL | Eligible |
| Accounting for Delaware Licensed Public Accountant (DE-LPA) | 8 CPE | Eligible |
| Financial Reporting for Certified Government Financial Manager (CGFM) | 8 CPE | Eligible |
| Accounting for Certified Fraud Examiner (CFE) | 8 CPE | Eligible |
| Auditing for Internal Audit Practitioner (IAP) | 8 CPE | Eligible |
| Financial Reporting for Certified Financial Forensics (CFF) | 8 CPD | Eligible |
| Financial accounting for Certified Valuation Analyst (CVA) | 8 CPE | Eligible |
| Auditing for Qualification in Internal Audit Leadership (QIAL) | 8 CPE | Eligible |
| Accounting for Iowa Licensed Public Accountant (IA-LPA) | 8 CPE | Eligible |
| Accounting for Maine Licensed Public Accountant (ME-LPA) | 8 CPE | Eligible |
| Financial Statement Analysis for CIPM | 8 PL | Eligible |
| Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) | 8 CPE | Eligible |
| Financial accounting concepts for Certified FP&A Professional (FP&A) | 8 CE | Eligible |
| License details | Credits | Status |
|---|---|---|
| Accounting for Certified Public Accountants (CPA-US) | 8 CPE | Approved |
| Financial Accounting for Certified Internal Auditors (CIA) | 8 CPE | Eligible |
| Financial Reporting for Certified Management Accountants (CMA) | 8 CPE | Eligible |
| Financial Statement Analysis for Chartered Financial Analyst (CFA) | 8 PL | Eligible |
| Accounting for Delaware Licensed Public Accountant (DE-LPA) | 8 CPE | Eligible |
| Financial Reporting for Certified Government Financial Manager (CGFM) | 8 CPE | Eligible |
| Accounting for Certified Fraud Examiner (CFE) | 8 CPE | Eligible |
| Auditing for Internal Audit Practitioner (IAP) | 8 CPE | Eligible |
| Financial Reporting for Certified Financial Forensics (CFF) | 8 CPD | Eligible |
| Financial accounting for Certified Valuation Analyst (CVA) | 8 CPE | Eligible |
| Auditing for Qualification in Internal Audit Leadership (QIAL) | 8 CPE | Eligible |
| Accounting for Iowa Licensed Public Accountant (IA-LPA) | 8 CPE | Eligible |
| Accounting for Maine Licensed Public Accountant (ME-LPA) | 8 CPE | Eligible |
| Financial Statement Analysis for CIPM | 8 PL | Eligible |
| Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) | 8 CPE | Eligible |
| Financial accounting concepts for Certified FP&A Professional (FP&A) | 8 CE | Eligible |
Credits
8
Course Level
Basic
Instructional Method
QAS Self Study
Group Internet Based
Pre-requisites
None
Advance Preparation
None
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.
Kelen is a recognized author and reviewer of CPE courses and has authored over 150 courses (370+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s "Journal of Accountancy".
Kelen has nearly 20 years of progressive finance and accounting experience. He currently serves as a Principal in Accounting Policy with HP in Doha, Qatar. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.
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?
Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.
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.
How can I access my course completion certificates?
After successfully completing a self-study course and passing the assessments, you can access and download your course 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.
Feb 17, 10:00 AM ET
Feb 17, 01:00 PM ET
Feb 17, 04:00 PM ET
Feb 18, 09:30 AM ET
Feb 18, 12:00 PM ET
Feb 18, 03:30 PM ET
Inclusions
Multiple Credits
Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.
Certifications & Reporting
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 - fastest in the industry.
Credit Tracker
Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.
Certificate Vault
Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.
Compliance Reminders
Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.
Mobile App Access
The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.
Live Support
Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.
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