Lessee and Lessor Accounting

Description

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.