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Accounting for Leases ON DEMAND

Available Until

Your Desk

2.0 Credits

Member Price $58.00

Non-Member Price $67.00


This course offers a detailed exploration of the latest lease accounting standards, tailored for finance professionals seeking to enhance their expertise in this complex area. The course’s features include an in-depth analysis of different lease components and types, comprehensive coverage of how to calculate and present lease liabilities and right-of-use assets, and insights into initial direct costs, sale and leaseback transactions, and essential disclosures. The benefits of this course extend beyond mere knowledge enhancement; it equips professionals with the skills to navigate the complexities of lease accounting confidently. Attendees will gain a profound understanding of lease accounting intricacies, ensuring accurate financial reporting and compliance with the latest standards, thereby enhancing their professional credibility and efficiency.


Nature of a lease. Lease components. Initial direct cost. Lease consideration. Lease term. Initial measurement of lease payments. Subsequent measurement of lease payments. Types of leases. Asset and liability recognition. Initial measurement. Lease recognition topics. Variable lease payments. Lease modifications. Elections. Sale and leaseback transactions. Lease presentation. Lease disclosures.



Designed For

CPAs, CFOs, controllers, financial professionals, and auditors.


Identify the reasons why a lease can be useful for a lessee. Specify the leasing rules related to asset substitution. Recognize the situations to which lease accounting does not apply. Recall the circumstances under which a separate lease component is considered to exist. Specify the different types of lease payments. Identify the special rules related to leases from government entities. Recall how the 12-month lease exception works. Identify the unique characteristics of sales-type and direct financing leases. Specify the restrictions on the use of the risk-free discount rate when deriving a lease present value.






Leader Bios

Steven Bragg, Western CPE

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.

Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).

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Non-Member Price $67.00

Member Price $58.00