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Lessee Accounting: Identification, Classification & RecognitionCode: 23-LEASEID
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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.
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
CPE credit: 1 Hour
Program Level: Update
Advance Preparation: None
Exam expiration date: Participants must submit exams for grading within one year from the date of purchase