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

None


Who Should Attend

Accountants in practice and industry


Fields of Study
Accounting

Prerequisites

Experience in application of accounting standards


Provider
AICPA-CIMA

CPE Credits
2

Level
Intermediate

This course is available for your group as:

 

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To learn more or customize this course for your group, complete this form and a BLI team member will get back with you shortly.


Or, contact BLI: 888-481-3500 or team@blionline.org
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