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21WI-0623: Lessee and Lessor Accounting (Webinar)

Date Tuesday, December 7, 2021
Time 12:00pm - 2:00pm
Central Time
Location Online
CPE credits CPE 2.0
Field(s)
of study
Accounting - Technical (2.0)
Instructor Daryl Krause, CPA
American Institute of Certified Public Accountants
Fees
Standard Member Fee $99.00
Standard Nonmember Fee $119.00
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Description

This course explains the lessee accounting model, including lease and nonlease components, lease classification, amortization of the right-of-use asset, and interest on the lease liability. This course also explains the lessor accounting model, including transfer of risk, profit recognition, and collectability. Included in this course are detailed illustrated examples with amortization tables and journal entries.

Who should take this program?

Accountants in practice and industry

Major subjects

  • Lessee and lessor accounting models
  • Lease and nonlease components
  • Lease classifications
  • Initial and subsequent measurement of leases

Learning objective(s)

  • · 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

Notes:

Course code Code 21WI-0623
Sponsor AICPA
NASBA ID#: 112891
Level Intermediate
Format Group Internet Based
Prerequisites Prereq. Experience in application of accounting standards
Advance
prep
None
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