During this webinar, presenters from Cherry Bekaert and LeaseQuery highlight the differences in interest rates available to account for both lessee and lessor leases under the main accounting jurisdictions. Our lease accounting experts 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 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
- Complete an example of how to calculate the implicit rate based on key inputs
