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Course Level :Basic
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Credits :1
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Pre-requisites :None
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Advance Preparation :None
The Lease standard, ASC 842 aims to bring leases onto the balance sheet and increase transparency and visibility into an organization's lease assets.
Before the release of the new lease accounting standard, existing lease accounting standards did not require that lessees recognize assets and liabilities that arose from operating leases. Based on the final amended accounting standard now prescribed within ASC Topic No 842, operating leases, with certain exceptions as discussed in this course, are now required to be reflected on an entity’s balance sheet.
ASC Topic 842 will substantially alter how companies account for leases in their financial statements. This Online CPE course for CPA & Accounting Professional will prepare them for the financial reporting challenges that the new guidance will impose on all financial statement preparers. This Online CPE course provides an in-depth overview of the assessment of whether or not an arrangement is or contains a lease.
This Accounting CPE course focuses on specific guidance prescribed by ASC Topic 842 and additional interpretive guidance it also addresses the short-term lease exception available in ASC Topic 842.
This Online Continuing Education session includes following key topics:
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 through its website: www.NASBARegistry.org.
Advisor, Kelen Camehl CPA
Kelen is a recognized author and reviewer of CPE courses and has authored over 85 courses (225+ 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 has also remained involved in CPA exam content development for nearly 10 years and has 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 over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Consultant with HP, Inc. in Dallas, TX. Most recently he was located in Budapest, Hungary on a three-year international assignment and served in the company’s Houston, TX location prior to this assignment. 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.
20 Ratings
LM
Apr 9th, 2022
good writeup