Leases: Mastering the New FASB Requirements

How do the leasing requirements in the new standard differ from current GAAP? This course addresses that question by examining the core principles of the new standard, including identification, recognition, measurement, presentation and disclosure requirements. Examples are included to illustrate application of the new standard. This course explains the lessee accounting model, including lease classification, amortization of the right-of-use asset, and interest on the lease liability. This course also explains the lessor accounting model, including transfer of risk, profit recognition, and collectability. Additional topics include short-term leases, purchase options, variable lease payments, and sale and leaseback transactions. TOPICS DISCUSSED  Lease classification.  Amortization of the lease asset.  Derecognition of the underlying asset.  Recognition of lease receivables.


LEARNING OBJECTIVES When you complete this course you will be able to:
  • Identify a lease under the new leases standard.
  • Identify recognition and measurement requirements of the new leases standard.
  • Identify presentation and disclosure requirements of the new leases standard.

Additional Information

Designed For

Accountants in practice and industry


American Institute of CPAs


Experience in application of accounting standards

Field of Study


Course Number


Level of Knowledge


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