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Lessee Lease Classification Under ASC 842

Accounting

Lessee Lease Classification Under ASC 842

Course 21502A · 2 hrs · CPA

Understanding how lessees classify leases under ASU 2016-02 is essential for accurate financial reporting. This chapter focuses entirely on lessee rules, walking through the criteria that determine whether a lease is classified as a finance lease or an operating lease. Multiple worked examples show how these rules apply in realistic scenarios, making it easier to apply the guidance to your clients' or organization's actual lease arrangements. A practical choice for anyone responsible for lessee-side accounting under the new standard.

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  • Hours: 2
  • Exam questions: 9
  • Eligible for: CPA
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NASBA Area: Accounting

CPE requirements: See your state's CPE requirements

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Lessee Lease Classification Under ASC 842
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