This course provides an in-depth overview of the assessment of whether or not an arrangement is or contains a lease. This includes a discussion of specific guidance prescribed by ASC Topic 842 as well as additional interpretive guidance provided by several of the Big 4 accounting firms. This course also addresses the short-term lease exception available in ASC Topic 842.
Learning Objectives
- Discover and determine whether an arrangement is or contains a lease.
- Explore and determine whether an arrangement includes an identified asset.
- Identify considerations with respect to substitution rights and decision-making rights.
- Recognize the short-term lease exception prescribed by ASC Topic 842.
Last updated/reviewed: March 13, 2024
12 Reviews (45 ratings)
Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
Kelen CamehlCPA, MBA