Leases: Lessee Accounting Explained
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Description
Looking for a clear, practical lessee accounting CPE course? This course is designed to help finance and accounting professionals master the key concepts of lease accounting from the lessee’s perspective under ASC 842. This self-paced, CPE-eligible course walks you through the lessee accounting model. This includes everything from initial recognition to subsequent measurement and financial statement presentation.
You’ll begin by identifying the key inputs required to calculate the right-of-use (ROU) asset and lease liability at the lease commencement date—including the lease term, lease payments, and appropriate discount rate. From there, the course dives into how lessees account for finance and operating leases after initial recognition, highlighting the differences in expense recognition and amortization methods.
This lessee accounting CPE course also includes a hands-on case study, allowing you to apply what you’ve learned in a realistic scenario. You’ll finish with a comprehensive overview of financial statement presentation and disclosure requirements under ASC 842.
Topics covered include:
- Introduction to lessee accounting under ASC 842
- Initial recognition: lease term, payments, discount rate, and ROU asset
- Subsequent accounting for finance leases
- Subsequent accounting for operating leases
- Interactive case study: apply the concepts
- Presentation and disclosure requirements
- Final review and wrap-up
Whether you're an accountant, auditor, or financial analyst, this lessee accounting CPE course provides the knowledge you need to confidently handle lease accounting requirements. It includes clear explanations and practical examples. You'll walk away with a stronger understanding of both the technical guidance and its real-world application.
Interested in group discounts for your team or firm? Contact us to learn more.
This course is included in the following collections:
Learning Objectives
By the end of this course, you should be able to:
- Identify the key inputs needed to calculate the right-of-use (ROU) asset and lease liability to be recorded by the lessee on the commencement date
- Recall the subsequent accounting by lessees for finance leases
- Recall the subsequent accounting by lessees for operating leases
Additional Information
| Last Updated | 06/01/2025 |
|---|---|
| CPE Credit | 1.5 |
| Field of Study | Accounting |
| Instructional Delivery Method | QAS Self Study |
| Knowledge Level | Intermediate |
| Prerequisites | General knowledge of accounting for leases under ASC 842 or completion of our eLearning course, Leases: Overview of ASC 842 |
| Advanced Preparation | None |
| Expiration | This course, collection, or subscription expires one year from the date of purchase. The post-course assessment for each course must be satisfactorily completed, as evidenced by a passing grade of at least 70%, by the expiration date to be awarded any qualifying continuing professional education (CPE) credit. |
| Refund or Cancellation Policy | For more information regarding refunds, concerns, and program cancellation policies, please contact the GAAP Dynamics Support Team via email at support@gaapdynamics.com or call (804) 897-0608. |
$180
1h 30m
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