Lessee and Lessor Accounting

The course offers hands-on learning of the lessee and lessor accounting models and includes journal-entry examples that demonstrate applications of...

12/6/2022 12:00pm - 2:00pm  |  Online  |  AICPA

Members: $109.00, Non-members: $131.00

CPE Categories: Accounting (2 CPE)

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### 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.

Instructor: Daryl Krause

Target Audience

@ Accountants in Practice and industry

Course Objectives

Upon completion of this webcast, you will be able to: • Effectively use the data validation feature. • Format cells using the conditional formatting feature. • Explore better options for summing. • Effectively use skinny rows.


@ Criteria used to Determine if a transaction is a Sale and leaseback

-@ considerations with respect to a lessee’s involvement in the construction of a leased asset

-@ practical applications of leveraged leases

-@ Examples of Real-@life scenarios


Experience in application of accounting standards