The New Leasing Standard — Analysis and Application II (Portfolio 5126)

Description

Bloomberg Tax and Accounting Portfolio 5126, The New Leasing Standard — Analysis and Application II, is designed to be used in conjunction with Accounting Policy & Practice Portfolio 5125, The New Leasing Standard — Analysis and Application I. Together, these Portfolios provide a detailed analysis of the new leasing standard (ASU 2016-02 and IFRS 16). This portfolio discusses lessee accounting, lessor accounting, lease modifications, leveraged leasing, sale and leasebacks, and build-to-suit transactions. The Portfolio also includes guidance on disclosure requirements and preparing to implement the new standard. The Portfolio provides a comparison to current U.S. GAAP, when relevant, and discussion of the FASB’s Basis for Conclusions.

Bloomberg Tax and Accounting Portfolio 5125, The New Leasing Standard — Analysis and Application I discusses the history of the standard, the changes that have been made to the Codification, the scope and effective date of the standard, transition to the new rules, identifying a lease, separating lease and non-lease components, allocating consideration in the contract, lease term, lease payments and classification.

This Portfolio may be cited as Bloomberg Tax and Accounting Portfolio 5126, Sebik & Starczewski, The New Leasing Standard — Analysis and Application II (Accounting Policy and Practice Series).

Table of Contents

I. Summary of New Lease Accounting Rules
II. Lessee Accounting
III. Lessor Accounting
IV. Lease Modifications
VI. Sale-Leasebacks
VII. Build-to-Suit Leases
VIII. Planning for Implementation