Gain an overview of lease accounting to gain competence in working with contracts.
Learning Objectives
Recognize arrangements that meet the requirements for lease accounting under FASB ASC 842, Leases.;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.;Recognize accounting requirements for lease modifications under FASB ASC 842.;Recognize accounting requirements for sale and leaseback transactions under FASB ASC 842.;Recognize presentation requirements for lessees and lessors under FASB ASC 842.;Recognize business factors to consider when implementing FASB ASC 842.
Major Topics
Identifying a lease;Classifying a lease;Lessee accounting;Lessor accounting;Lease modifications;Sale and leaseback transactions;Financial statement and disclosure requirements;Implementing FASB ASC 842
