This course provides an overview of the accounting for lease transactions, specifically from the standpoint of a lessee. This includes a discussion of how to determine if an arrangement/contract is a lease, how to classify the identified lease (e.g., operating vs. finance), as well as how to recognize and measure the various components of the lease.

Learning Objectives
  • Discover and determine whether an arrangement contains a lease.
  • Recognize considerations with respect to substitution rights and decision-making rights.
  • Identify the criteria for lease classification.
  • Explore and list the recognition requirements related to operating and finance leases.
Last updated/reviewed: August 9, 2023
1 Review (11 ratings)


Anonymous Author
Great overview course on leases. I just wished it was video based and not text! The material is overall is manageable to read and understand. The examples were very good and gave a great insight to topic matter. I would recommend

Course Complexity: Foundational

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 Syllabus
  Lessee Accounting: Identification, Classification & Recognition (Text Based Course)PDF