CCLA Course 4 – Lesson 10
Click here to join the live class. Lesson 10: Final Exam Read More
CCLA Course 4 – Lesson 9
Click here to join the live class. Lesson 9: • Mergers and Acquisitions Review Week 8 Homework Assignments Homework: Review for Final Lesson Documents/Materials: click here to save/print lesson 8... Read More
CCLA Course 4 – Lesson 8
Click here to join the live class. Lesson 8: • Accruals & Accrual Accounting o Closing Location o Subleasing Assumptions Review Week 7 Homework Assignments Homework: Assume Landlord is challenging Tenant’s claim that there is a co-tenancy violation.... Read More
CCLA Course 4 – Lesson 7
Click here to join the live class. Lesson 7: • Accruals & Accrual Accounting o Percentage Rent o Overage Rent Review Week 6 Homework Assignments Homework: Assume Tenant believes there was a co-tenancy violation for our sample lease and tenant invoked... Read More
CCLA Course 4 – Lesson 6
Click here to join the live class. Lesson 6: • Accruals & Accrual Accounting o New Location Review Mid-term results Homework: Build an overage rent accrual journal entry for our sample lease. Assume annual sales were $7,765,432 for the period of... Read More
CCLA Course 4 – Lesson 5
Click here to join the live class. Lesson 5: Mid-term Read More
CCLA Course 4 – Lesson 4
Click here to join the live class. Lesson 4: • Reconciliations o What are reconciling items o Types o Challenges Review Week 3 Homework Assignments Homework: Prepare for Mid-term. Lesson Documents/Materials: click here to save/print lesson 4... Read More
CCLA Course 4 – Lesson 3
Click here to join the live class. Lesson 3: • Monthly Journal Entries o Key Points o Types o Activity for Leases Review Week 2 Homework Assignments Homework: Build a new store accrual journal entry for our sample lease. Lesson Documents/Materials: click... Read More
CCLA Course 4 – Lesson 2
Lesson 2: • Accounting deals with financial transactions that have already happened (looking backward in time) o The Essentials o Tasks o Methods Review Week 1 Homework Assignments Homework: Google sample journal entries for retail locations and list the... Read More
CCLA Course 4 – Lesson 1
Lesson 1: • Budgeting aims to predict what will happen financially (looking forward in time) o The Essentials o Coordination o Implementation Homework: Create an annual budget for our sample lease. Lesson Documents/Materials: click here to save/print lesson 1... Read More
CCLA Course 3 – Lesson 9
Lesson 9: Lease Processes and Lease Controls – The Role of the Financial Reporting Team Review week 8 Homework Assignments • Role of the Financial Reporting Team o Discount Rate o Embedded Leases o Aggregated Leases o Impairment Homework: Review for Final Lesson... Read More
CCLA Course 3 – Lesson 8
Lesson 8: Lease Processes and Controls – Subprocess 7 – Lease Terminations and Remeasurements Review week 7 Homework Assignments Subprocess 7 – Lease Terminations • Full • Partial • Subleasing Homework: Review several public company disclosures and note differences... Read More
CCLA Course 3 – Lesson 10
Lesson 10: Final Exam Lesson Documents/Materials: click here to save/print lesson 10 slides Read More
CCLA Course 3 – Lesson 7
Lesson 7: Lease Processes and Controls – Subprocess 7 – Lease Modifications and Remeasurements Review week 6 Homework Assignments Subprocess 7 – Lease Modifications • Remeasurement • New Contract Homework: An operating lease is a contract that permits the use of an... Read More
CCLA Course 3 – Lesson 6
Lesson 6: Lease Processes and Controls – 842 Entries Review mid-term results • Subprocess 6 – ASC842 o How to Determine Lease Term o Calculation of Lease Liability o Calculation of the Right of Use Asset o 842 Journal Entries o Updates to the 842 schedules... Read More
CCLA Course 3 – Lesson 5
Lesson 5: Midterm Lesson Documents/Materials: click here to save/print lesson 5 slides Read More
CCLA Course 3 – Lesson 4
Lesson 4: Lease Processes and Lease Controls – Lease Incentives Review Week 3 Homework Assignments Review the year end audit for lease accounting Review internal controls • Subprocess 5 – Lease Incentives o Construction Allowance Receivable Schedule Homework: Prepare... Read More
CCLA Course 3 – Lesson 3
Lesson 3: Lease Processes and Controls – Rent and Occupancy Changes Review Week 2 Homework Assignments • Subsequent accounting for leases • Subprocess 4 – Validating rent and occupancy changes o Batch feeds of rental payments Monthly Rent Change Control Sheet... Read More
CCLA Course 3 – Lesson 2
Lesson 2: Lease Processes and Controls Review Week 1 Homework Assignments • Review accounting controls all organizations need • Subprocess 1 – Identification and recognition of new leases – location openings • Subprocess 2 – Validating the completeness of the... Read More
CCLA Course 3 – Lesson 1
Lesson 1: System Proficiency • Objective o Software is a tool to provide automation for the tracking and reporting of data o Not all real estate portfolios require expensive and powerful software solutions o The key is understanding the nature of the current portfolio... Read More