Lessee and Lessor Accounting (2 hours)

Overview

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.

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

“Adding to Calendar” does not register you for this event. Please either register online by clicking “Add to Cart” or contacting OSCPA at 503-641-7200 / 800-255-1470, ext. 3. Thank you!