Learn the fundamentals of lease accounting for real estate and equipment leases: identifying leases, classification, measurement, journal entries and disclosures.
Who this course is for
Accountants, property and lease administrators, and finance staff who handle lease portfolios.
What you’ll be able to do
- Identify leases and separate lease and non-lease components
- Classify leases and understand the effect on the financial statements
- Measure lease liabilities and right-of-use assets
- Record initial and ongoing journal entries
- Build a lease inventory and data process that supports reporting
Course curriculum
Module 1: Why lease accounting matters
Lease accounting changed how companies report real estate obligations. This lesson explains the purpose of the current standards and who is affected.
Module 2: Identifying a lease
Not every contract is a lease. You learn the identified-asset and control tests, and how to separate components.
Module 3: Classification
Classification drives expense patterns. This lesson covers finance vs. operating lease classification under US GAAP and the single model for lessees under IFRS.
Module 4: Measurement
Initial measurement sets the numbers. Learn lease term, payments, discount rates, and measuring the liability and right-of-use asset.
Module 5: Journal entries and remeasurement
Leases change over time. You learn ongoing entries, modifications and remeasurement triggers.
Module 6: Disclosures and lease data
Reporting depends on good data. This lesson covers disclosure basics and building a lease inventory and controls.
How it works
Self-paced online course. Lifetime access. Work through the modules in order, apply the checklists on real jobs, and finish with a Certificate of Completion.
FAQ
Is this a license or certification? No. This is skills training. You receive a Certificate of Completion. Licensing requirements vary by state and trade — always verify your local requirements.
Is this accounting or audit advice? No. This is skills training. How the standards apply to your entity depends on your facts, so confirm your positions with your controller and external auditor.
How long do I have access? Lifetime access, including updates.
What if it’s not for me? Contact support within 14 days of purchase.