FREE Special Report!

FREE Special Report

An Overview of the New Accounting Model for Leases

Leasing is an important source of financing for many entities in the United States and around the globe. Many entities enter into leasing arrangements to gain access to assets, obtain financing or reduce exposure to the risks of ownership of an asset. Yet the current accounting model for leases, laid out in Topic 840, Leases, does not require lessees to recognize assets and liabilities arising from operating leases.

Financial statement users have expressed concern about the current lease accounting model as it does not reflect the true economic substance of an operating lease transaction. As a result, the FASB and IASB began a joint project to restructure the existing lease accounting guidance for both lessees and lessors under US GAAP and IFRS. This complimentary special report provides an overview of the new guidance on leases.

Request Special Report: An Overview of the New Accounting Model for Leases
(All fields required)



» NOTE:By clicking “Submit,” you agree to be contacted in order to help with your inquiry.

Related Guidance

Checkpoint Catalyst: US GAAP

Checkpoint Catalyst: US GAAP is the next generation of online research that gives practical insight and expertise on accounting topics that are complex, undergoing changes or challenging to apply — including revenue recognition and leasing (coming soon!). Research is approached from a fresh, new perspective where content is always delivered in context along with powerful insight into related issues — so you’ll never miss an important detail.

Learn More

GAAP Reporter with FASB Codification

GAAP Reporter with FASB Codification is a unique research resource designed to help accounting and financial reporting professionals ensure compliance with GAAP (Generally Accepted Accounting Principles). Our expert authors provide in-depth, section-by-section guidance, interpretation and analysis on the entire breadth of the Financial Accounting Standards Board’s (FASB) Codification, as well as updated coverage to reflect any new changes issued by FASB.

Learn More


Related CPE Courses

Understanding the FASB’s New Standard on Leases

WEBINAR | 2 CPE | $89 or
FREE for Premier Plus Subscribers*

The FASB’s new standard on leases is a significant change to lease accounting, requiring, among other things, nearly all leases to be presented on the balance sheet. This webinar provides an overview of the guidance for both lessees and lessors with a focus on those provisions representing major substantive changes to financial reporting. The discussion includes illustrative examples and is focused on helping you understand the scope of changes and how they are likely to affect you.