Course ID: CL2LLA

Lessee and Lessor Accounting

This course explains the lessee accounting model, including lease and non-lease 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

• 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

Advanced Preparations


Who Should Attend

Accountants in practice and industry

Fields of Study


Experience in application of accounting standards


CPE Credits


This course is available for your group as:


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