Sage Fixed Assets and LeaseQuery: Determining the Implicit Rate for the New Lease Accounting Standards

Course Description

During this live event, LeaseQuery will highlight the differences in interest rates available to account for both lessee and lessor leases under the main accounting jurisdictions. Our lease accounting experts will outline the process for calculating the implicit rate within a lease under the new lease accounting standards: ASC 842, IFRS 16, and GASB 87, discussing 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

• Understand 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
• Recognize an example of how to calculate the implicit rate based on key inputs

Prerequisites

• None

Who Should Attend

Accounting and finance professionals whose companies manage a medium-to-high volume of leases will benefit most from this event, along with CPAs who serve clients with a similar volume of leases.

Advanced Preparation

None

Presenters