### What you need to know about the lessee and lessor accounting models

This course explains the lessee accounting model, including
– Lease and non-lease components
– Lease classification
– Amortization of the right-of-use asset
– Interest on the lease liability

This course also explains the lessor accounting model, including
– Transfer of risk
– Profit recognition
– Collectibility

Included in this course are detailed and illustrated examples with amortization tables and journal entries.

### Who Will Benefit
– Accountants and finance professionals

### Key Topics
– Lessee and lessor accounting models
– Lease and non-lease components
– Lease classifications
– Initial and subsequent measurement of leases

### Learning Outcomes
– Recognize lessee accounting requirements for operating leases and finance leases under FASB ASC 842.
– Recognize lessor accounting requirements for sales type, direct financing, and operating leases under FASB ASC 842.