Determining the Implicit Rate for the New Lease Accounting Standards
In this webinar, LeaseQuery highlights the differences in interest rates available for leases for both lessees and lessors under the main accounting jurisdictions. Our lease accounting experts outline the correct application of the implicit rate within a lease under the new lease accounting standards: ASC 842, IFRS 16, and GASB 87. They discuss similarities and differences and walk viewers through a detailed example of how to correctly calculate the implicit rate within a lease.
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