Lessee and Lessor Accounting

Presented by Daryl Krause

Presentation type = pre-record/rebroadcast

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.

Accountants and finance professionals

• 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.

Lessee and lessor accounting models

Lease and non-lease components

Lease classifications

Initial and subsequent measurement of leases