Lessee and Lessor Accounting

Wednesday, January 22, 2025
Webcast or Webinar, Online
9:00 AM - 11:00AM (opens at 8:30 AM) EST
2Credits
Accounting and Auditing

Registration is Open

Members
$118.00 Regular Price
Non-Members
$142.00 Regular Price

CPE PowerPass Users

Click the "Apply PowerPass" button to use your PowerPass for the applicable course below.
$40.00 Members / $56.00 Non-Members
Course Type: Webcast
Course Code: 24/AI514361
Level: Intermediate
Vendor: AICPA CPE Division
Field of Study: Accounting

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.
  • 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.

    Major Topics:

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

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

  • Accountants and finance professionals
  • Prerequisites:

    Experience in application of accounting standard