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)
### 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
@ Accountants in Practice and industry
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
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