Lessee Accounting: Identification, Classification & Recognition
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.

Course Publication Date: June 27, 2022

This course is available with NO ADDITIONAL FEE if you have an active self study membership or all access membership or can be purchased for $10.00!

Author:Kelen Camehl
Course No:ACT-LESSEEACC-18922
Recommended CPE:1.00
Delivery Method:QAS Self Study
Level of Knowledge:Overview
Advanced Preparation:None
Recommended Field of Study:Accounting
Learning Objectives
  • Determine whether an arrangement contains a lease.
  • Recognize considerations with respect to substitution rights and decision-making rights.
  • Identify the criteria for lease classification.
  • List the recognition requirements related to operating and finance leases.

CPE Depot Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Sponsor Number: 109423


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