AICPA logo
Cart
searchSearch
search
burger
AICPA logo
  • Home
product-image
Lessee and Lessor Accounting
Accounting & Financial Reporting
Webcast

Lessee and Lessor Accounting

The course offers hands-on learning of the lessee and lessor accounting models and includes journal-entry examples that demonstrate applications of the new standard.

$99 - $119
Do you have an AICPA membership? Log in to apply your member discount.

Format

Webcast

Date

Feb 08, 2022

NASBA Field of Study

Accounting

Level

Intermediate

CPE Credits

2

Author(s)

Daryl G. Krause

Availability

3 months

Product Number

VCL2LLA21110

 Part of Webcast Pass
 View  
 Business & partner 
Product Details

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.

Who Will Benefit

  • Accountants and finance professionals

Key Topics

  • Lessee and lessor accounting models
  • Lease and non-lease components
  • Lease classifications
  • Initial and subsequent measurement of leases

Learning Outcomes

  • 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.
Credit Info
CPE Credits
2
NASBA Field of Study
Accounting
Level
Intermediate
Prerequisites
Experience in application of accounting standards
Access
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
Duration
2 hrs
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
$119.00
AICPA Members
$99.00

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
Speakers
Daryl G. Krause
CPA
Mr. Krause has CPA certifications in several Midwestern states. He practices public accounting as Manager & CEO of his regional CPA firm, headquartered in Indianapolis, Indiana, which he founded in 2005. DG Krause LLC is a member of the AICPA’s Employee Benefit Plan Audit Quality Center and performs employee benefit plan audit services for which Daryl serves as the sign-off partner. Daryl has led 145 courses for the AICPA in 30 states and the District of Columbia since 2008. He also has performed technical reviews during the development of certain AICPA courses. Currently a key project team member on the AICPA’s 2016 update of its Employee Benefit Plans-Best Practices in Presentation and Disclosure publication. Author of several employee benefit plan-related DG Krause LLC CPE programs offered by the Indiana CPA Society. Previously he enjoyed 23 years of diversified responsibilities with Ernst & Young as outlined below. Industries he served included manufacturing, construction, real estate and financial services. - Daryl was the Ohio Valley Area Director of Employee Benefit Plan Services specialty audit practice for 8 years responsible for the technical accuracy and quality of over 300,000 hours of employee benefit plan audit effort. Roles included sign-off partner for approximately one third of the entire area's engagements, independent reviewer on approximately 100 additional plans per year and technical advisor for all work. - As Senior Manager in the Entrepreneurial Services group for 3 years he managed a portfolio of corporate audit client relationships. Roles included providing SEC reporting assistance to new public companies, assisting in due diligence on potential acquisitions and helping companies improve their controls and financial reporting processes. - He served in E&Y's National Professional Development group as a Senior Manager for 5 years. Roles included designing, developing and delivering core curriculum Audit and Entrepreneurial Services training programs for the entire U.S. practice. Part of the 11 member team that completed the development effort to introduce the Ernst & Young Audit Approach training for Staff through Partner following the Ernst & Whinney and Arthur Young merger, which was deemed a critical success factor for the newly formed Ernst & Young.
Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services.The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

Ratings and reviews

Cancellation Policy
View our Cancellation policy here
Lessee and Lessor Accounting
Feb 08, 2022
Select from the following options:
Feb 08, 2022
6pm8pm GMT
Nonmember Price
$119.00
Price excluding sales tax
$119.00
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

Related content