Lessee Accounting: Identification, Classification & Recognition
Course Overview
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
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
•    List the recognition requirements related to operating and finance leases

Revision Date:  5/12/2022

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
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