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.
DESIGNED FOR
Accountants and finance professionals
BENEFITS
- 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.
HIGHLIGHTS
Lessee and lessor accounting models
Lease and non-lease components
Lease classifications
Initial and subsequent measurement of leasesPREREQUISITES
Experience in application of accounting standard
ADVANCE PREPARATION
None