Lease Accounting Video Gallery
Your exclusive portal to lease accounting insightsHaving trouble keeping up with ASC 842 and IFRS 16 while doing your day-to-day work? That’s what the LeaseQuery Video Gallery is for.
Using Excel for Lease Accounting:
What to Watch Out For
Planning on using Excel for lease accounting? Here are the limitations and pitfalls you should be aware of.
The Benefits of the New Lease Accounting Standards
The new lease accounting standards are an obligation, but they also come with benefits that may surprise you. Learn more about those benefits in this short clip.
How to Evaluate Lease Accounting Software
There are lots of contenders in the lease accounting software marketplace. In this video, we walk you through the features that you should look for to ensure you invest in a tool built for compliance.
How to Identify Embedded Leases
Identifying embedded leases is one of the most challenging aspects of the new lease accounting standards. See what you need to know in this short clip.
Explained: The New Lease Classifications
How have the new lease accounting standards changed lease classification? Watch this 90-second video to see.
Explained:The Scope of ASC 842 and IFRS 16
Which aspects of lease accounting have changed? Get a high-level overview to see:
- Which leases are covered under the new standards
- Exceptions to the new guidance
- New concepts that you need to know
Myth: All Leases Will Be Capitalized
One of the most common myths about the new standards is that all leases will be capitalized. Watch to learn which leases need to be capitalized and important differences between IFRS and GAAP.
The Differences Between ASC 840 and ASC 842: When is Classification Determined?
When is lease classification determined? There’s a subtle difference between ASC 840 and ASC 842, which we explain in this 45-second clip.
Myth 2: Exemption for Low Value Assets
One of the most common myths about the new standards is that low value assets are exempt. Watch this 2-minute video to see why this is a myth.
Myth 3: The New Rules Will Cause an Increase in Debt
Another myth about the new lease accounting rules is that they will cause an increase in debt. Watch this 75-second clip to see why this is a huge misconception.
Myth 4: Existing Leases Will be Grandfathered
There are some major misconceptions about how the new rules will impact EBITDA, existing leases, and how much time you’ll need to comply. Learn more about these myths in this 3-minute video.
The Differences Between ASC 840 and ASC 842: What is Capitalized?
Under ASC 840, you capitalize your minimum lease payments. Under 842, you capitalize your lease payments. What’s the difference? Watch to find out.
The Differences Between ASC 840 and ASC 842: When is Classification Determined?
When is classification determined? Under current GAAP, you determine classification upon lease execution.
The Differences Between ASC 840 and ASC 842: Fair Value Adjustment
What do you do when the present value of an asset exceeds its fair value? ASC 840 and ASC 842 vary greatly here. Here’s what you need to know.
The Differences Between ASC 840 and ASC 842: New 5th Test
Watch this video to see the new test you must perform on your leases to determine the proper classification.
The Differences Between ASC 840 and ASC 842: Discount Rate Used
Which discount rate do you use under the new standards? Learn exactly what the boards say in this 90-second video.
The Differences Between ASC 840 and ASC 842: Residual Value Guarantees
Under 840, you include the entire amount of a residual value guarantee in the calculation of the present value of your minimum lease payments. Watch this video to see what’s changed under 842.