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course

Accounting for Leases

(10)
3.7
20 Enrolled
2 Hours (On-Demand)
2 CPE  
Not currently accepting new students

Lease transactions are common in most businesses, and recent changes to the lease accounting standards may have a large impact on your balance sheet and company profitability. This course explains the most important lease accounting concepts. This course covers the following topics:

  • Defining a lease
  • Lessor and lessee accounting for leases
  • Financial vs. operating leases
  • Single and variable lease components
  • Lease classifications
  • Protective rights and lease guarantees
Learning Objectives
  • Discover and defining a lease.
  • Explore financial vs. operating leases.
  • Identify single and variable lease components.
  • Recognize protective rights and lease guarantees.
Last updated/reviewed: August 18, 2023
2 Reviews (10 ratings)

Reviews

5
Anonymous Author
I liked the clear discussions. Would have liked for more examples as reference.
4
Anonymous Author
I really enjoyed the course and found it really informative.
Prerequisites
Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Important Lease Terms3:46
  Income, Lease Agreement Basics6:20
  Questions Set One3:43
Components and CLASSES OF LEASES
  Single Components, Variable Components4:17
  Lease Components5:02
  Lease Classifications4:34
  Questions Set Two3:44
  Financing Lease Criteria6:02
  Estimated Economic Life4:20
Lease Payments and GUARANTEES
  Variable Lease Payments/Substance Fixed Payments4:43
  Protective Rights Lease Guarantees5:37
  Lease Guarantees5:53
  Fair Value, Discount Rates, Borrowing Rates6:07
  Collectability, Alternative Uses5:32
Accounting
  Lease Accounting6:12
  Lessor Accounting Part 13:28
  Lessor Accounting Part 24:26
CONTINUOUS PLAY
  Important Lease Terms 1:16:19
SUPPORTING MATERIAL
  Slides: Accounting for LeasesPDF
  Accounting for Leases Glossary/ IndexPDF
  Handout: Accounting Lease GuidePDF
  Handout: Accounting Lease FASB UpdatePDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam