What criteria are used to conclude whether a transaction is a sale and leaseback under FASB ASC 842, Leases? This course answers that question and also addresses the primary considerations with respect to a lessee’s involvement in construction of a leased asset and changes to guidance for leveraged leases under FASB ASC 842.
DESIGNED FOR
Accountants in practice and industry
BENEFITS
When you complete this course, you will be able to:
• Identify the criteria used to conclude whether a transaction is a sale and leaseback.
• Differentiate between the accounting recognition of sale and leaseback transactions when a sale has or has not occurred.
• Identify the primary considerations with respect to a lessee’s involvement in construction of a leased asset.
• Recognize the changes to leveraged leases in FASB ASC 842.
COURSE LEVEL
Intermediate
PREREQUISITES
Experience in the application of accounting standards
ADVANCE PREPARATION
None