Accounting for Leases

CPE Credit: 2 hours

Many organizations use leases for property, plant, and equipment. This course is designed for individuals who would like to obtain a basic understanding of accounting for leases under the FASB and GASB standards. We will discuss the similarities and differences between the FASB and GASB standards. We will review the requirements of ASC 842 and GASB 87. We will discuss lease transactions from the lessor and lessee viewpoint. Examples will be provided for training purposes. 

Topics Covered:
• Accounting Standards
• FASB
• GASB
• Leases

Learning Objectives:
• Identifying accounting concepts for leases
• Identifying best practices for accounting for leases
• Identify lease terminology