Overview
There are significant changes in the New Lease Accounting Standard that will apply to a wide variety of special transactions and have a huge impact on both lessors and lessees. In this self-study webinar, you will learn everything you need to know about the new accounting rules for these special transactions and the best ways to handle them. This self-study webinar also features a wealth of practical examples to illustrate the concepts and methods discussed.
AGENDA HIGHLIGHTS
• Sale & Leaseback Transactions
– Determining whether a sale has occurred
– Contracts under the New Revenue Model
– Transfer of control indicators
– Repurchase option
– Classification of a leaseback
– Accounting for off-market terms
– "Failed" sales and leasebacks
• Build-to-Suit Transactions
– Control indicators
• Subleases
– Accounting by:
– Intermediate lessor or sublessor
– Original/head lessor
• Related-party Transactions
– Current guidance
– New Standard classification and accounting
– Related Party Disclosures (ASC 850)
LEARNING OBJECTIVE To update financial professionals on the new accounting rules for special transactions under the New Lease
Accounting Standard and the most effective ways to deal with them.
PREREQUISITE None. ADVANCE PREPARATION None. PROGRAM LEVEL Update. NASBA FIELD OF STUDY Accounting.
DELIVERY METHOD Self-Study.
Speakers
SPEAKER
Ashima Jain, Managing Director, PwC
Detailed Learning Objectives
• Recognize the accounting treatment of a sale and leaseback under ASC 842
• Identify the relationship between sale and leaseback accounting and revenue recognition under ASC 606
• Recognize the accounting treatment of a sale and leaseback transaction not qualifying for sales accounting under ASC 842
• Recognize the accounting guidance for build-to-suit transactions under ASC 842
• Identify the accounting guidance for related party lessees and lessors under ASC 842