Revenue Recognition & Leasing - Essential Concepts for Financial Professionals 4 Credits
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Are you ready to master two critical areas of U.S. GAAP? In this CPE course, we dive into the key principles of revenue recognition under ASC 606 and lease accounting under ASC 842.Â
As businesses navigate increasingly complex regulations, understanding these standards is crucial for ensuring accurate financial reporting. How can you make sense of the five-step revenue recognition model, or manage the intricacies of lease classifications and measurements? This course provides clear guidance for financial professionals tackling these challenges.
Accounting for leases under ASC 842 can often feel overwhelming. It requires significant judgment, especially when identifying lease components, determining lease terms, and handling modifications. Furthermore, tracking changes to lease agreements demands collaboration between multiple departments, including finance, legal, and procurement. With its broad scope, ASC 842 necessitates a comprehensive evaluation of both lease and non-lease components. This course helps you tackle these hurdles effectively, ensuring that you remain compliant while keeping your organization’s financial statements in check.
Key topics covered in this CPE course:
By the end of this course, you'll gain practical skills in both revenue recognition and lease accounting, empowering you to navigate these two complex areas of U.S. GAAP with confidence. Join us today to deepen your knowledge and take control of your accounting practices!
For more CPE Accounting Courses, Click here.
| License details | Credits | Status |
|---|---|---|
| Accounting for Certified Public Accountants (CPA-US) | 4 CPE | Approved |
| Financial Accounting for Certified Internal Auditors (CIA) | 4 CPE | Eligible |
| Financial Reporting for Certified Management Accountants (CMA) | 4 CPE | Eligible |
| Financial Statement Analysis for Chartered Financial Analyst (CFA) | 4 PL | Eligible |
| Accounting for Delaware Licensed Public Accountant (DE-LPA) | 4 CPE | Eligible |
| Accounting for Certified Fraud Examiner (CFE) | 4 CPE | Eligible |
| Financial Reporting for Certified Government Financial Manager (CGFM) | 4 CPE | Eligible |
| Auditing for Internal Audit Practitioner (IAP) | 4 CPE | Eligible |
| Financial Reporting for Certified Financial Forensics (CFF) | 4 CPD | Eligible |
| Financial accounting for Certified Valuation Analyst (CVA) | 4 CPE | Eligible |
| Auditing for Qualification in Internal Audit Leadership (QIAL) | 4 CPE | Eligible |
| Accounting for Iowa Licensed Public Accountant (IA-LPA) | 4 CPE | Eligible |
| Accounting for Maine Licensed Public Accountant (ME-LPA) | 4 CPE | Eligible |
| Financial Statement Analysis for CIPM | 4 PL | Eligible |
| Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) | 4 CPE | Eligible |
| Financial accounting concepts for Certified FP&A Professional (FP&A) | 4 CE | Eligible |
| License details | Credits | Status |
|---|---|---|
| Accounting for Certified Public Accountants (CPA-US) | 4 CPE | Approved |
| Financial Accounting for Certified Internal Auditors (CIA) | 4 CPE | Eligible |
| Financial Reporting for Certified Management Accountants (CMA) | 4 CPE | Eligible |
| Financial Statement Analysis for Chartered Financial Analyst (CFA) | 4 PL | Eligible |
| Accounting for Delaware Licensed Public Accountant (DE-LPA) | 4 CPE | Eligible |
| Accounting for Certified Fraud Examiner (CFE) | 4 CPE | Eligible |
| Financial Reporting for Certified Government Financial Manager (CGFM) | 4 CPE | Eligible |
| Auditing for Internal Audit Practitioner (IAP) | 4 CPE | Eligible |
| Financial Reporting for Certified Financial Forensics (CFF) | 4 CPD | Eligible |
| Financial accounting for Certified Valuation Analyst (CVA) | 4 CPE | Eligible |
| Auditing for Qualification in Internal Audit Leadership (QIAL) | 4 CPE | Eligible |
| Accounting for Iowa Licensed Public Accountant (IA-LPA) | 4 CPE | Eligible |
| Accounting for Maine Licensed Public Accountant (ME-LPA) | 4 CPE | Eligible |
| Financial Statement Analysis for CIPM | 4 PL | Eligible |
| Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) | 4 CPE | Eligible |
| Financial accounting concepts for Certified FP&A Professional (FP&A) | 4 CE | Eligible |
Credits
4
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.
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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.
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Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.
Mobile App Access
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