Description
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
