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Lease Accounting – The Lessor’s Perspective

$129.00

Learn about the recognition, the initial measurement, and the subsequent measurement of the right-to-use asset and lease liability by a lessee under IFRS as well as the differences between IFRS and ASPE. Recognition exemptions, the derecogniton of the right-to-use asset and lease liability, and financial statement presentation and note disclosure are also covered.

Hours
2.0

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SKU: AC004 Category: Tag:

Description

This course will help you understand the accounting treatment of leases from the lessee’s perspective under Part I of the CPA Canada Handbook (IFRS) and the differences between IFRS and ASPE under Part II of the CPA Canada Handbook. You will learn about:

  • Initial recognition and measurement
  • Subsequent measurement
  • Derecognition

By the end of this course, you will be able to:

  1. Discuss the characteristics of a lease
  2. Describe the initial measurement of the right-of-use asset by the lessee
  3. Explain how to calculate the present value of the lease liability
  4. Describe the initial measurement of the components of the lease liability by the lessee
  5. Describe the subsequent measurement of the right-of-use asset under the cost model for the lessee
  6. Describe the subsequent measurement of the lease liability for the lessee
  7. Describe lease recognition exemptions for short-term or low-value leases
  8. Describe derecognition of the right-of-use asset and the lease liability for the lessee
  9. Describe the lessee presentation and disclosure requirements
  10. Describe the differences between IFRS and ASPE accounting for leases for lessees