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Determining the Implicit Rate Under the New Lease Accounting Standards

DETERMINING THE IMPLICIT RATE UNDER THE NEW LEASE ACCOUNTING STANDARDS

Cost Free
Presentation Length 1.0 hour

Recorded DateFebruary 16, 2021
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAccounting
Course LevelBasic
Course Description

During this live event, LeaseQuery will highlight the differences in interest rates available for leases for both lessees and lessors under the main accounting jurisdictions. Our lease accounting experts will outline the correct application of the implicit rate within a lease under the three main new lease accounting standards—ASC 842, IFRS 16, and GASB 87—and we will discuss their similarities and differences. Finally, our accountants will walk through a detailed example of how to correctly calculate the implicit rate within a lease.

Learning Objectives:


  • Determine the various lease interest rates and when to use each

  • Identify the differences in applying the implicit rate under the three main new lease accounting standards

  • Identify and demonstrate an example of how to calculate the implicit rate based on key inputs

Not logged
PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
Linkedin

Amanda Payne

LeaseQuery, LLC
Technical Accounting Manager
amanda.payne@leasequery.com
(800) 880-7270

Leasequerylogo

Amanda Payne is a Technical Accounting Manager at LeaseQuery. She began her career at Ernst & Young (EY) in assurance services working with clients in the public, private, and nonprofit sectors. There she was responsible for planning and performing audit procedures, collecting and organizing ongoing support from client management, and leading and presenting to client management and assurance teams in the Americas, India, and Egypt. Amanda earned a bachelor’s degree in Accounting with a Specialization in Professional Accounting from the University of Alabama and a master’s degree in Accounting from Troy University.

Linkedin

Justin Shemaria, CPA

LeaseQuery, LLC
Technical Accounting Manager
justin.shemaria@leasequery.com
(800) 880-7270

Leasequerylogo

Justin Shemaria is a Technical Accounting Manager at LeaseQuery. Prior to joining LeaseQuery, Justin worked in the audit practice at Deloitte and also worked in financial reporting at a publicly-traded fortune 500 company. Justin received in Bachelor's and Master's degree in Accounting from the University of Georgia. He is an active Certified Public Accountant and is a member of the AICPA.

About Our Presenter

Leasequerylogo

LeaseQuery helps more than 10,000 accountants and other finance professionals eliminate lease accounting errors through its CPA-approved lease accounting software. It is the first lease accounting software built by accountants for accountants. By providing specialized consulting services in addition to its software solution, LeaseQuery facilitates compliance with the most comprehensive regulatory reform in 40 years for companies across all sectors. For more information about LeaseQuery, visit LeaseQuery.com.