SIMULCAST: Implementing FASB’s New Lease Standard – Examples and Practical Approaches (17W446-16)
Description
The recently issued lease standard represents a radical departure from
previous lease guidance. Many financial statements will recognize
potentially significant assets and liabilities for the first time,. The
impact will be uneven depending on the business and the reaction of
their creditors. This course aims to guide participants in understanding
how the new standard will affect their company or clients and the
practical implementation strategies which might ease the burden of
transition.
Learning Objectives
Understand how the transition from operating leases
to capitalization will affect companies of all sizes
Study the
fundamental principles of the right to use model for capitalizing leases
Distinguish which lease contracts are scoped into and out of the
standard.
Learn how the balance sheet treatment of leases will alter
financial statement numbers, ratios, and loan covenants
Become
familiar with the right of use, present value model for capitalizing
leases
Preview the transition and disclosure implications of the new
standard
Major Topics
What was wrong with lease accounting
The asset-liability approach
to leases and its effect on the balance sheet
The effect of lease
changes on covenants and likely lender reaction
Implementing the right
of use, approach model for lessees and lessors
Renewal, termination
and other lease specific issues
