Lease Accounting

This program covers the reporting and analysis of leases.
In some sectors, leasing is a big issue and can cause a lot of noise when doing company comparisons. Consequently, it can be critical to be able to identify the relevant numbers and make the appropriate adjustments in order to compare "like for like." This is done in both a valuation and a credit context.

• Capital/finance vs. operating leases, understanding the differences
• The accounting engineering for operating leases
• The accounting engineering for finance/capital leases
• How to "capitalize" an operating lease using the multiple method
• Adjusting the earnings number accordingly
• How to "capitalize" an operating lease using the DCF method
• Exploring the differences between the multiple and DCF method of capitalizing operating leases
• When to use which method
• IFRS vs. US GAAP issues
• Potential GAAP changes and their impact