The presentation on ASC 842: Leases is divided into four section due to its size and for ease of watching. The objective of the presentation is to help participants implement the new US GAAP leasing standard in their organisations. It focusses on:
- A general overview and the definition of lease which has changed together with a discussion on the lease classification for lessee and lessor.
- Lessee accounting
- Lessor accounting
- Sweep issues such as sale and leaseback, subleasing and transitioning to the new standard.