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Lessee and Lessor Accounting

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2.00 Credits

Member Price $118.00

Non-Member Price $142.00

Overview

What you need to know about the lessee and lessor accounting models This course explains the lessee accounting model, including

  • Lease and non-lease components
  • Lease classification
  • Amortization of the right-of-use asset
  • Interest on the lease liability

    This course also explains the lessor accounting model, including
  • Transfer of risk
  • Profit recognition
  • Collectibility

    Included in this course are detailed and illustrated examples with amortization tables and journal entries.

    Highlights

  • Lessee and lessor accounting models
  • Lease and non-lease components
  • Lease classifications
  • Initial and subsequent measurement of leases

    Prerequisites

    Experience in application of accounting standard

    Designed For

  • Accountants and finance professionals

    Objectives

    • Recognize lessee accounting requirements for operating leases and finance leases under FASB ASC 842.
    • Recognize lessor accounting requirements for sales type, direct financing, and operating leases under FASB ASC 842.

    • Non-Member Price $142.00

    Member Price $118.00

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