Lessee and Lessor Accounting

Description

This course explains the lessee accounting model, including lease and nonlease components, lease classification, amortization of the right-of-use asset, and interest on the lease liability. This course also explains the lessor accounting model, including transfer of risk, profit recognition, and collectability. Included in this course are detailed illustrated examples with amortization tables and journal entries.

Learning Objectives

When you complete this course, you will be able to: · 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

Major Topics

• Lessee and lessor accounting models • Lease and nonlease components • Lease classifications • Initial and subsequent measurement of leases

Provider
AICPA
Course Level
Intermediate
Professional Area of Focus
Accounting & Auditing
CPE Field of Study
Accounting
2
Who Should Attend

Accountants in practice and industry

Prerequisites

Experience in application of accounting standards

Advanced Preparation

None

Location
Online
Event Information
When
Jan 21, 2022
1:00 pm - 3:00 pm EDT
Location
Online
Total CPE Credits
2
Format
Webcast Replay

MEMBER


$ (% off)
$99.00

NON-MEMBER


$ (% off)
$119.00
Become A Member

Register for this Event

Lessee and Lessor Accounting


Loading
Your browser is out-of-date!

Update your browser to view this website correctly.

Update my browser now

×