CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS
Self-Study

Lessee Accounting: Identification, Classification & Recognition

1 Credits: Accounting

$29.00$49.00

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Lessee Accounting: Identification, Classification & Recognition

Format
Self-Study
Course Level
Overview
CPE Credits

1 Credits: Accounting

Course Description

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.

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Learning Objectives

Upon completion of this course, you will be able to:

  • Determine whether an arrangement contains a lease;
  • Recognize considerations with respect to substitution rights and decision-making rights;
  • Identify the criteria for lease classification; and
  • List the recognition requirements related to operating and finance leases.
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Course Specifics

Course ID
122307017
Revision Date
November 8, 2022
Prerequisites

There are no prerequisites.

Advanced Preparation

None

Number of Pages
37

Compliance Information

NASBA Provider Number: 103220

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Kelen Camehl Headshot

Kelen is a recognized author and reviewer of CPE courses and has authored over 120 courses (300+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics.  His courses are available for purchase from many online CPE providers including the AICPA.  Kelen also remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam.  He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”. Kelen has nearly 20 years of progressive finance and accounting experience. He …