Gain an understanding of 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 under ASC 842. Distinguish which lease contracts are scoped into and out of the standard. Learn practical strategies to deal with related-party and informal leasing arrangements. Preview the transition and disclosure implications of the new standard.

• 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
• Transition and presentation
• Lessor accounting: Limited changes
• Lease forgiveness and adjustments in today’s economy
• FASB guidance for impaired leases

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