Overview

Learners will identify key lease concepts, classify leases under ASC 842 and IFRS, analyze lessee and lessor scenarios, and apply measurement, impairment, and re-measurement principles using real-world examples. This comprehensive course builds a strong foundation in both operating and finance leases while advancing toward complex areas such as sales-type leases, direct financing leases, and global reporting differences. By completing this course, learners will gain the practical skills needed to navigate modern lease accounting confidently—skills essential for accounting roles, audit preparation, compliance reporting, and financial analysis. Step-by-step exercises, numerical examples, and applied problem sets ensure learners not only understand the theory but can perform accurate lease calculations and interpret financial impacts. What makes this course unique is its seamless integration of conceptual clarity, industry-aligned problem solving, and dual-perspective coverage from both lessee and lessor viewpoints. With clear explanations, structured practice, and alignment to current standards, learners gain a competitive advantage in mastering one of today’s most critical accounting areas.

Syllabus

Foundations of Modern Lease Accounting

This module introduces the foundational concepts of lease accounting, covering lease definitions, advantages and disadvantages, distinctions between lease and rent, and the key terminology essential for understanding modern leasing practices. Learners also explore operating leases and apply concepts through practical calculation examples to build confidence in real-world scenarios.

Finance Leases & Lessor Accounting

This module deepens the learner’s understanding of finance leases, including their defining characteristics and accounting treatment from the lessee’s perspective. It also shifts to the lessor viewpoint, exploring sales-type leases, direct financing leases, and the revenue recognition principles that guide lessor accounting under modern standards.

US GAAP Lease Accounting Framework (ASC 842)

This module focuses on ASC 842, the US GAAP standard governing lease accounting. Learners explore the updated lease definition, classification model, lease term determination, fixed payments, and practical classification exercises. The module reinforces technical accuracy through progressively applied problem sets.

Advanced Topics: Lessor Perspective, Impairment & Global Standards

This module explores advanced lease accounting topics, including complex lessor scenarios, impairment of lease-related assets, re-measurement requirements, and a comparative analysis of ASC 842 and IFRS 16. Learners gain a global perspective and learn how to reassess lease balances based on updated assumptions or standards.