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
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Prerequisites
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
.
Kelen CamehlCPA, MBA