CPE & Events Catalog
Lessee and Lessor Accounting
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.
Learning 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.
Event Level: Intermediate
Field of Study: Accounting and Auditing
Who Should Attend
· Accountants and finance professionals
Required Knowledge
Experience in application of accounting standard
