CE/CPE Course Information

Learning Objectives

After completing this course, you will be able to Define lease terminology Apply the lease classification criteria to classify the lease by the lessor and the lessee Measure the lease liability and right-of-use asset at lease commencement and subsequently Calculate the relevant expenses recognized by the lessee for finance and operating leases Identify the major differences between U.S. GAAP and IFRS in relation to accounting for leases Determine lessor accounting for sales-type and other leases Calculate the lessor’s selling profit or loss on the lease Account for sale and leaseback transactions Present leases in the financial statements. This course was reviewed on November 17, 2022, and no updates or revisions were deemed necessary.

Course Topics

Introduction and Basic Terminology Lease Classification Lessee Accounting – Initial Measurement Lessee Accounting for Finance Leases – Subsequent Measurement Lessee Accounting for Operating Leases – Subsequent Measurement Lessor – Initial Accounting for Sales-Type Leases Lessor – Subsequent Accounting for Sales-Type Leases Lessor Accounting for Operating and Direct Financing Leases Sale and Leaseback Transactions

This QAS self-study course consists of an Audiovisual presentation, a Knowledge Transfer Outline with multiple-choice questions for study and review, and a Qualified Assessment of 30 questions.

This course is designed for your convenience. You may log out at any time during the course; your current position and all work will be saved. The next time you log in, you can resume right where you logged off.

State Board and other CPE agency registrations can be viewed on our sponsor approvals page.

For more information regarding administrative policies such as complaints and refunds, please contact our CPE Department at (800) 874-5346 ext. CPE (273).