Implementing FASB’s New Lease Standard – Examples and Practical Approaches


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
  1. Upon completion of this webcast, participants will be able to:
  2. Understand how the transition from operating leases to capitalization will affect companies of all sizes
  3. Study the fundamental principles of the right to use model for capitalizing leases
  4. Distinguish which lease contracts are scoped into and out of the standard.
  5. Learn how the balance sheet treatment of leases will alter financial statement numbers, ratios, and loan covenants
  6. Become familiar with the right of use, present value model for capitalizing leases
  7. Preview the transition and disclosure implications of the new standard
Major Topics
  1. What was wrong with lease accounting?
  2. The asset-liability approach to leases and its effect on the balance sheet
  3. The effect of lease changes on covenants and likely lender reaction
  4. Implementing the right of use, approach model for lessees and lessors
  5. Renewal, termination and other lease specific issues
  6. Implementation and transition considerations
Professional Area of Focus
Accounting & Auditing
CPE Field of Study
Who Should Attend
Preparers and accountants in public practice and industry who need to understand how the new leasing rules will affect their key accounting numbers. Accountants who deal with financial institutions will gain a preview of the challenges they are likely to face
Course Level
Ray Thompson
Prior learning or experience in lease accounting
Online Course
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Sep 20, 2016
10:00 am - 2:00 pm
Total CPE Credits
Ray Thompson


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Implementing FASB’s New Lease Standard – Examples and Practical Approaches