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Master Lease Accounting: Analyze, Classify & Apply Standards

This course is part of Advanced Business Combinations & Ownership Accounting Specialization

Instructor: EDUCBA

Included with

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4 modules

Gain insight into a topic and learn the fundamentals.

Beginner level

Recommended experience

8 hours to complete

Flexible schedule

Learn at your own pace

4 modules

Gain insight into a topic and learn the fundamentals.

Beginner level

Recommended experience

8 hours to complete

Flexible schedule

Learn at your own pace

What you'll learn

Identify and classify leases under ASC 842 and IFRS for both lessee and lessor scenarios.
Perform lease measurement, re-measurement, impairment, and related accounting calculations accurately.
Analyze and interpret the financial statement impact of operating, finance, and complex lease structures.

Skills you'll gain

Details to know

Shareable certificate

Add to your LinkedIn profile

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Build your subject-matter expertise

This course is part of the Advanced Business Combinations & Ownership Accounting Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate

There are 4 modules in this course

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.

Module details

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.

What's included

11 videos4 assignments

11 videosTotal 71 minutes

Introduction to Lease Accounting10 minutes
Advantages of Lease6 minutes
Disadvantages of Lease7 minutes
Lease vs Rent4 minutes
Terms of Lease Accounting6 minutes
Operating Leases5 minutes
Operating Leases Continues7 minutes
Accounting for Operating Lease5 minutes
Working on Example 110 minutes
Working on Example 23 minutes
Working on Example 39 minutes

4 assignmentsTotal 60 minutes

Lease Basics & Core Concepts10 minutes
Understanding Operating Leases10 minutes
Practice with Operating Lease Calculations10 minutes
Graded - Foundations of Modern Lease Accounting30 minutes

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.

What's included

7 videos3 assignments

7 videosTotal 48 minutes

Financial Lease5 minutes
Accounting for Finance Lease6 minutes
Executor Cost12 minutes
Lessor Perspective7 minutes
Sales Type Lease7 minutes
Sales Type Lease Continues5 minutes
Direct Finance Lease5 minutes

3 assignmentsTotal 50 minutes

Finance Lease Essentials10 minutes
Lessor’s Perspective & Lease Types10 minutes
Graded - Finance Leases & Lessor Accounting30 minutes

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.

What's included

9 videos4 assignments

9 videosTotal 53 minutes

Lease Accounting under US GAAP3 minutes
New Gaap - Changes in Definition5 minutes
Lease Classification Model5 minutes
Lease Term4 minutes
Determining the Fixed Payments5 minutes
PR 4 - Lease Classification7 minutes
Working on PR 510 minutes
Understand Lease Accounting6 minutes
Working on PR 68 minutes

4 assignmentsTotal 60 minutes

Introduction to US GAAP Lease Standards10 minutes
Determining Lease Elements Under ASC 84210 minutes
Classification Practice & Applied Problems10 minutes
Graded - US GAAP Lease Accounting Framework (ASC 842)30 minutes

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.