Leases: Lessor Accounting Explained

While accounting for leases by a lessee is a more widespread accounting and reporting issue, ASC 842 also address the accounting by lessors, which can be quite a complex topic when applicable to a reporting entity. This lessor accounting CPE-eligible, eLearning course (2.0 CPE) uses audio, interactivity, and detailed examples to explore all facets of lease accounting for lessors, including the accounting considerations for sales-type, direct financing, and operating leases. The online course also discusses how ASC 842 may be impacted by standards, like ASC 606 Revenue from Contracts with Customers. Are you ready to zoom through the Lessor racetrack?

Topics included in this lessor accounting CPE course include:

• Overview, scope and lease identification
• Key terms and assumptions
• Lease classification
• Initial and subsequent accounting
• Separating components in a contract
• Lease modifications

If you're an accountant or auditor of a company who serves as the lessor for lease contracts, this lessor accounting CPE course is a must! It is easy to understand with plenty of examples to help bring the guidance in ASC 842 to life. Are you interested in more than just the requirements for lessors? Make sure to check out our comprehensive lease accounting collection, linked below.

Interested in group discounts for your team? Contact us to learn more.

 By the end of this course, you should be able to: 

• Recognize the key terms and assumptions applicable to lessor accounting  
• Classify leases using classification tests for lessors 
• Recall the initial and subsequent accounting requirements for lessors