• Lease classification
• Amortization of the leased asset
• Derecognition of the underlying asset
• Recognition of lease receivables
• Lease modifications
• Sale and leaseback transactions
Learning Objectives
When you complete this course, you will be able to: • Recognize arrangements which meet the scope requirements for lease accounting under FASB ASC 842.
• Recognize accounting requirements for lease modifications under FASB ASC 842.
• Recognition presentation requirements for lessees and lessors under FASB ASC 842.
• Identify the recognition criteria for sales-type, direct financing, and operating leases.
Major Topics
• Lease classification
• Amortization of the leased asset
• Derecognition of the underlying asset
• Recognition of lease receivables
• Lease modifications
• Sale and leaseback transactions