Lessee and Lessor Accounting - Nebraska Society of CPAs

Overview

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

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.

Course Instructor: Daryl Krause

Highlights

Lessee and lessor accounting models

Lease and non-lease components

Lease classifications

Initial and subsequent measurement of leases

Prerequisites

Experience in application of accounting standard

Designed For

Accountants and finance professionals

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.

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by AICPA. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.