PPT-IASB Leases Project Overview

Identify a lease Lessee how big the liability will be Lessor accounting what has changed Other lease accounting issues Transition provisions What do you need to do to get ready for 2019 Agenda. May 2015. Dave Westburg. Billboard Loans. dave.westburg@billboardloans.com. www.billboardloans.com. 206-910-1283. Billboard Financing. 5/12/15. Dave Westburg Background. 26 years lending to out-of-home business.. but . major concerns remain on the table. IFRS . 4 Phase II Update. IASB and FASB joint meetings –. June 2012. Francesco Nagari. 20 June . 2012. Agenda. Highlights of decisions and education sessions from this month joint meetings. Presented by:. Roman Geissel, Deputy Program Director. Audit and Compliance Management. Petroleum Accountants Society of Oklahoma. February 11 & 12, 2015. Industry Compliance. Accurate Revenues & Data. Leases. May 2013. This presentation has been prepared to help . stakeholders . understand the current status of the . leases . project of the FASB and . the IASB. . The views expressed in this presentation are those of the presenters. Official positions of the FASB and . Understand . the importance of leases from a business perspective.. Explain . the conceptual nature, economic substance, and advantages of lease transactions.. Identify . and apply the criteria that are used to determine the type of lease for accounting . RICHARD G. SCHROEDER . MYRTLE . W. CLARK . JACK . M. CATHEY. THEORY . AND. ANALYSIS: . TEXT AND CASES. 10. TH. EDITION. CHAPTER 13. LEASES. Introduction. Property rights are acquired by the purchase of assets. October . 6, . 2010. This presentation has been prepared to help constituents understand the current status of projects of the FASB and IASB. . The views expressed in this presentation are those of the presenter. Official positions of the FASB and the IASB are reached only after extensive due process and deliberations.. 1 Heads Up IASB defers the Revenue from Contracts with Customers Contents Background IASB decision What should e ntities be doing? “ In summary ”  T he International Accoun Lease Accounting and. Operational Implications. Tim Shepard . Senior Manager, Financial Accounting Advisory Services. Ernst & Young LLP. November 18, 2016. Disclaimer. These slides are for educational purposes only and are not intended, and should not be relied upon, as accounting advice.. Leases Project. Overview. Identify a lease. Lessee: how big the liability will be?. Lessor accounting: what has changed?. Other lease accounting issues. Transition provisions. What do you need to do to get ready for 2019?. Personal Property Securities Act 2009. (Cth). March 2014. 2. Agenda. 3. Security interests. 4. PPS leases defined. Lease or bailment of goods for …. More than one year, including any holding over or renewal. Jeff Jensen, CPA . © 2017 Crowe . LLP. Polling Question #1. Which of the following best describes your experience related to GASB 87? . I have read through GASB 87 and have already began taking inventory of our leases and determining how each will be reported. Developed and presented by Samuel A. Monastra, CPA. SAMUEL A. MONASTRA, CPA. Mr. Monastra is a Director with McGladrey, LLP. He has extensive experience with publicly held companies and large privately held companies. Industry focus: manufacturing, life sciences & technology, financial services, and public sector. . A closer look at the new leases standard- Ind AS 116 CA (Dr.) Sanjeev Singhal CA Amit Jain 1 Content Background 2 Scope 3 New Definition of lease 4 Lessee accounting 5 Lessor accounting 6 Transition