Gain an understanding of how the transition from operating leases to capitalization will affect companies of all sizes.
Learning Objectives
Study the fundamental principles of the right-to-use model for capitalizing leases under ASC 842. Distinguish which lease contracts are scoped into and out of the standard.
Major Topics
What was wrong with lease accounting?
The asset-liability approach to leases and its effect on the balance sheet
What have we learned from public company adoption
Implementing the right-to-use approach for lessees and lessors
Reassessment, renewal, termination, and other lease-specific issues
Practical strategies to reduce the burden of implementation
