Operating Lease Accounting and CPA Exam Simulations

Lease accounting standards have transformed how organizations report operating leases, making clear comprehension essential for intermediate accounting students and CPA candidates. This course equips you with the foundational principles and calculation methods needed to confidently tackle complex lease scenarios. What you'll learn: Understand core lease terminology and the difference between operating and finance leases. Calculate right-of-use assets and lease liabilities under current accounting standards. Apply appropriate journal entries for lease commencement, periodic payments, and amortization. Analyze balance sheet and income statement presentations for operating leases. Practice realistic simulation problems designed to mirror standard exam expectations. You will begin with foundational accounting definitions and classification rules before progressing through practical payment schedules, journal entries, and comprehensive exam-style case studies. This course is designed for accounting students, CPA candidates, and professionals seeking a clear refresher, with no prior advanced leasing knowledge required. Start reading today to master operating lease accounting.