課程資料
報名日期
全年招生
課程級別
學習模式
修業期
2 小時 4 分鐘
教學語言
英語
授課導師
Pranay Kumar Chatakonda
評分
5次瀏覽
課程簡介
Classification, Accounting and Transition of Lease
This course is all about the standard ASC 842 (US GAAP). In this course we covered about the basic understanding of lease, classification of lease, accounting of lease with practical examples in excel in the books of lessee, Transition from ASC 840 to ASC 842 along with example in excel and finally we covered the major differences from ASC 840 to ASC 842.
課程章節
- 1 個章節
- 9 堂課
- 第 1 章 Accounting for Leases - ASC 842
課程內容
- 1. Understanding of lease - ASC 842 (Including exclusions and exemptions)
- 2. How to classify a lease?
- 3. Overview of lease accounting in the books of lessee
- 4. Calculation of Right of use asset, lease liability, initial direct costs and Lease advance payments
- 5. Accounting treatment for sales tax involved in lease payments.
- 6. Presentation of items in balance sheet, Income statement and Cash Flow
- 7. Finance lease example - Preparation of schedules for Right of use asset and lease liability, Journal entries and ledger impact
- 8. Operating lease example - Preparation of schedules for Right of use asset and lease liability, Journal entries and ledger impact
- 9. Comparison of Finance lease and Operating lease based on above examples
- 10. Transition from ASC 840 to ASC 842, Transition methods , Practical expedients and Effective dates
- 11. Practical example on how to do transition from ASC 840 to ASC 842, Deferred rent, Preparation of schedules for Right of use asset and lease liability, Journal entries and ledger impact
- 12. Major differences from ASC 840 to ASC 842
此課程所涵蓋的技能
評價
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MMohammed Touqeer Pasha
good
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SSaurabh Mukherjee
Clear and methodical, one observation: Direct Financing lease could have been explained better , as in the example shown on excel last point is same in both cases, but I believe it should not be
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VVaishnavi
Could have covered in detail about lease modifications
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LLourdes Bulted
Very easy to understand, great examples.
