1.0 CPE This course provides a high-level overview of the accounting and reporting requirements related to lease transactions as outlined in ASC Topic 842. This course addresses the process of determining whether an arrangement contains a lease and the resulting lease classification. This course also addresses recognition requirements as well as some high-level presentation & disclosure topics.
Learning Objectives
- Explore and determine whether an arrangement contains a lease.
- Discover and list the criteria for lease classification.
- Identify how leases are initially and subsequently measured.
- Recognize impacts from lease modifications.
- Identify presentation and disclosure requirements for lease transactions.
Last updated/reviewed: March 27, 2024
17 Reviews (69 ratings)
Reviews
Anonymous
(VP of Finance)
Good overview of the new lease standard and where the guidance has changed. Instructor presented the course in a very organized manner. Just wished he provided some examples of the Day 1 and subsequent period accounting entries to further illustrate the concepts.
Jatin Talreja
(Financial Accounting Consultant at Wells Fargo)
The course gives overview of Lease fundamentals. A more descriptive course with accounting entries from lessee & lessor perspective as well as practical examples on Lease modifications with increase duration of course could have made it even more intriguing.
Anonymous
(Finance Manager)
Good course. It is a brief overview, but for the time, it was well done. I was more interested in the lessees portion, so the Lessors sections were not as interesting to me, but I'm sure they would be helpful to others.
Anonymous
(Anonymous)
Overall is great course that packs a great punch in covering lease materials. The material is well laid out and the course objectives are met. I would recommend to anyone looking to learn about ASC 842. Great job
Anonymous
(cpa)
Very concise albeit somewhat fast-paced presentation 101 of ASC842 - from an excellent instructor Mr Camehl! I think it is best to be used in conjuction with the text-based course from the same instructor.
Roger Brugger
(CEO at Visions Global GmbH)
The presenter's explanations were well explained. we would like to suggest that in the next videos more examples can be given to make it easier for us to understand.
Anonymous
(Controller)
I enjoyed how the presenter outlined the material. He came across very knowledgeable and was able to present the information in a logical manner.
Anonymous
(CPA)
Excellent presentation of lease accounting fundamentals and ASC 842, as well as defining finance lease criteria vs. operating lease criteria.
Anonymous
()
I thought this course did a good job of describing leases and how to account for them. Was a basic overview of what is happening
Jon Clegg
( at Becoming Athletic, LLC)
As usual, Mr. Camehl does a great job of presenting the topic in a very understandable manner. Thanks for the overview!
Anonymous
()
Concise information given, but more examples should be provided to make it comprehensive and easier to apply.
Anonymous
(Auditor)
The presenter needs to engage with his audience more, rather than seemingly just reading a script.
Anonymous
(CFO)
I though this was a good initial overview. Very helpful info for such a short amount of time.
Anonymous
(Owner & CEO)
Appropriate detail for a summary course. Covered a few of the important nuances.
Anonymous
()
good overview of basic principles of ASC 842 lease accounting
Anonymous
()
This was a good teacher, but this material is really dense.
Anonymous
(finance controller /Director)
As normal guide of understanding lease basement. Thank you
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
About Illumeo
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- Phone: 408-400-3993
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- Av #221, Campbell, CA 95008
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