Lease Accounting: What Are the New Challenges for Lessees?

Lease Accounting: What Are the New Challenges for Lessees?

The impact of failing to comply Why the boards updated the standards – it’s all about transparency How ASC 842 and IFRS 16 will improve financial reporting: Regulation timeline Lessee accounting: What has changed? Lease accounting under the old standards, ASC 840 and...
Lease Incentive Accounting under ASC 842

Lease Incentive Accounting under ASC 842

What is a lease incentive? It’s a lease incentive: How do we treat it? Leasehold improvements Leasehold improvements: Lessor asset Leasehold improvements: Lessee asset Lease incentive impact to opening lease liability and ROU asset Lease incentive example Lease...
Discount Rate Implicit in the Lease under ASC 842

Discount Rate Implicit in the Lease under ASC 842

What is the implicit rate under ASC 842? How to calculate the rate implicit in a lease under ASC 842 Example of calculating the rate implicit in a lease under ASC 842 Validating the calculated implicit rate If you are unable to calculate the implicit rate Summary...