Lessee Accounting: Identification, Classification & RecognitionCode: 23-LEASEID

Price: $14.95
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Course Details

27 pages

Course description and objectives:

This course provides an overview of the accounting for lease transactions, specifically from the standpoint of a lessee. This includes a discussion of how to determine if an arrangement/contract is a lease, how to classify the identified lease (e.g., operating vs. finance) , as well as how to recognize and measure the various components of the lease.

Course Objectives:

After reading the materials, participants will able to:

  •  Determine whether an arrangement contains a lease
  •  Recognize considerations with respect to substitution rights and decision-making rights
  •  Identify the criteria for lease classification
  •  List the recognition requirements related to operating and finance leases

Presentation Method:  Self-Study


Category:  Accounting

CPE credit:  1 Hour

Program Level:  Update

Prerequisites:  None

Advance Preparation:  None

Exam expiration date:  Participants must submit exams for grading within one year from the date of purchase


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