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Lessee and Lessor Accounting

Description

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.

Who Will Benefit
– Accountants and finance professionals

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

Learning Outcomes
– 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.

Provider
AICPA
Course Level
Intermediate
Professional Area of Focus
Accounting and Auditing
Accounting & Auditing
CPE Field of Study
Accounting
2
Instructor(s)
Daryl Krause
Prerequisites

Experience in application of accounting standards

Advanced Preparation

None

Location
Online – AICPA Platform
Event Information
When
Aug 2, 2022
1:00 pm - 3:00 pm EDT
Location
Online – AICPA Platform
Total CPE Credits
2
Format
Webcast Replay

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Lessee and Lessor Accounting


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