COR2326. Post-Implementation Review of Lease Accounting

The new lease accounting standard has been implemented for entities worldwide. The new standard has posed a significant impact to contractor financial statements. We will approach this from two very different perspectives, that of the CPA and that of an entity CFO.

Learning Objectives:

• Recognize the operating leases going forward.
• Identify related party leases.
• Recognize next steps now that implementation has begun.
• Recall the new lease standard for users of contractor financial statements.