LeaseQuery’s lease accounting expert will review examples of various lease activities, outlining the complexity of the new lease accounting standards beyond initial adoption. Examples will cover the required steps and calculations to account for common transactions, including lease amendments, partial terminations, evaluating for impairment, and accounting for lease abandonments.

Learning Objectives

• Understand how to determine whether a lease modification results in the accounting for a separate contract, as well as the resulting requirements
• Distinguish between a traditional lease amendment and a partial termination and learn the unique calculation methods required for each
• Identify the key differences between evaluating for impairment versus recognizing an asset abandonment
• Explore how purpose-built technology creates a more effective method of maintaining compliance