Webcasts are archived for 180 days after the live broadcast. Webcasts archived in the last month can be accessed on this page. On-demand webcasts are available on their respective series pages. For a complete program schedule and topic information, view the Dbriefs Calendar page. CPE credit is not available for viewing On-demand webcasts.hardware is subject to an operating lease (as opposed to a direct financing lease or sales-type lease, in which case the hardware would be accounted for under ASC 330), the entity would account for the hardware under ASC 360 rather than ASC 330. For more information about leases, see Section 5.5. 5.3.2 SoftwareThis Deloitte e-learning module provides training in the background, scope and principles under IFRS 16 Leases, and the application of this standard. In this e-learning module you will learn about how to identify whether a contract is within the scope of the standard and the key principles of lease accounting. The e-learn ...Sign In. Email Verification Code *. New Password *. Confirm Password *. Forgot Password. Enter Username/E-mail *.It has recently published its Guide entitled ‘Leases: What investors need to know about the new standard – top ten considerations’. The Guide is designed to help an understanding of the changes that IFRS 16 (and ASC 842) will lead to, with a focus on the following areas: Basics of new US GAAP and IFRS standards and their differencesDeloitte offers comprehensive lease management solutions that help clients optimize their lease portfolios, comply with accounting standards, and leverage technology to …This Roadmap provides Deloitte’s insights into and interpretations of the accounting guidance on environmental obligations in ASC 410-30 and asset retirement obligations (AROs) in ASC 410-20.Business Acquisitions — SEC Reporting Considerations Business Combinations Carve-Out Financial Statements Comparing IFRS Accounting Standards and U.S. GAAP Consolidation — Identifying a Controlling Financial Interest Contingencies, Loss Recoveries, and Guarantees Contracts on an Entity's Own Equity Convertible Debt (Before Adoption of ASU ...Upcoming Dbriefs webcasts. Anticipating tomorrow's complex issues and new strategies is a challenge. Take the lead with Dbriefs—live webcasts that give you valuable insights on important developments affecting your business. Dbriefs offers live webcasts featuring practical knowledge from Deloitte specialists and CPE credits. Take the lead ...The International Accounting Standards Board today issued a new Standard, IFRS 16 Leases. IFRS 16 supersedes IAS 17 'Leases' and related interpretations and is effective for periods beginning on or after 1 January 2019, with earlier adoption permitted if IFRS 15 'Revenue from Contracts with Customers' has also been applied. The previous ...Deloitte US | Audit, Consulting, Advisory, and Tax Services6.10.1.2 Subsequent Measurement and Recognition of the Lease Cost. As discussed above, when the MAG is reset each year, Company B must consider the guidance in ASC 842-10-35-4 (b) and remeasure the lease liability and ROU asset as of each reset date.Oct 17, 2018 · This issue addresses certain transition issues associated with the adoption of the guidance in FASB Accounting Standards Codification Topic 842, Leases. Topics discussed in this publication include the interim reporting requirements associated with early adoption (including adoption in the fourth quarter of 2018); the determination of the lease obligation for existing operating leases; and the ...a lessor to classify a lease, at its commencement, as a sales-type lease, direct financing lease, or operating lease on the basis of the classification criteria in the standard. This document highlights key considerations related to implementing the new leasing standard. See A Roadmap to Applying the New Leasing Standard for further details.Deloitte’s Roadmap series. Accounting and financial reporting is full of nuanced challenges. Deloitte’s comprehensive accounting guides have you covered on multiple levels. Our Roadmaps dive deep into accounting and financial reporting challenges to provide the details and guidance you need to lead your teams with strategic insight.2021. This guide discusses lessee and lessor accounting under ASC 842. The first four chapters provide an introduction and guidance on determining whether an arrangement …[email protected]. Innovation starts with insight and seeing challenges in a new way. Our breadth, depth, and scale, combined with our passion for business innovation, create powerful opportunities to help our clients stay ahead of change, deliver impact that matters, and transform disruption into lasting value.We are pleased to present the inaugural edition of Deloitte's Technology Industry Accounting Guide (the "Guide"). The technology industry ecosystem encompasses a wide array of entities, from enterprise software and software-as-a-service (SaaS) providers to hardware and semiconductor manufacturers. The technology industry has also ...Access more insights. Visit the Deloitte Center for Financial Services for more research on the most complex issues facing the banking and capital markets, commercial real estate, insurance, and investment management sectors. Learn more.This Heads Up discusses the FASB's recently released proposed Accounting Standards Update (ASU), Leases (Topic 842), Common Control Arrangements, which would amend certain provisions of ASC 842 that apply to arrangements between related parties under common control. Specifically, the proposed ASU would: (1) offer private companies, as well as not-for-profit entities that are not conduit bond [email protected]. Innovation starts with insight and seeing challenges in a new way. Our breadth, depth, and scale, combined with our passion for business innovation, create powerful opportunities to help our clients stay ahead of change, deliver impact that matters, and transform disruption into lasting value.Water is predominantly material outside of Deloitte (e.g., water used by suppliers in producing products or services Deloitte consumes) and is primarily material to society in geographic locations with water scarcity issues. At the root of reporting is understanding what is relevant to the reader. Deloitte's annual reporting process is ...View all / combine content. Chapter 6 — Lease Payments 6.1 General 6.2 Fixed Payments 6.3 Variable Lease Payments That Depend on an Index or a Rate 6.4 Exercise Price of a Purchase Option Reasonably Certain to Be Exercised 6.5 Penalties for Terminating a Lease 6.6 Fees Paid by the Lessee to Owners of Special-Purpose Entities 6.7 Amounts That ...Michael Lorenzo. Audit & Assurance Managing Director. Deloitte & Touche LLP. +1 203 761 3628. [email protected]. More. Explore an extensive library of accounting and financial reporting insights, as well as Deloitte’s own …This Roadmap joined the requirements of that FASB's leasing standard, ASU 2016-02 (codified as ASC 842), with Deloitte's interpretations and instance in a comprehensive, reader-friendly format. In addition, the Roadmap highlights (1) the requirements of ASC 842 that significantly differs from those in ASC 840 (the FASB's previous leasing guidance) and IFRS 16 (the IASB's leasing ...Deloitte presents the 2020 edition of the Real Estate Accounting Guide and Financial Reporting Update. This accounting guide provides topics of particular interest to real estate entities. Real estate entities have faced uncertainty over the past year. ... and leasing (ASC 842) in light of the coronavirus disease 2019 pandemic.3.8 Decision Tree Related to Identifying a Lease. The decision tree below, which combines the decision trees from Sections 3.3, 3.4.1, and 3.4.2, gives an overview of the analysis related to identifying whether a contract is or contains a lease.Deloitte's real estate consultants can help you turn critical and complex real estate issues into opportunities for growth. From business owners and investors to lenders and corporate groups, we offer you the experience, know-how, and the strategic planning that helps lead to better decisions. Our range of services includes: Due diligence ...Company sustains consistent double-digit growth over four years Woodbridge, NJ - November 18, 2021 — Visual Lease, the #1 lease optimization software provider, today announced that it ranked No. 264 on the Deloitte Technology Fast 500™, a list of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech and energy tech companies in North America.For more information about identifying a lease, see Chapter 3 of Deloitte’s Roadmap Leases. 5.5.1.1 Cloud Computing Arrangements Cloud computing arrangements require the use of certain equipment (e.g., servers). While a benefit of cloud-based technologies is that an entity does not need to own and maintain servers in its facility,The AICPA has issued a working draft of Accounting and Valuation Guide on Business Combinations. Deloitte Accounting Research Tool. Clear ... Accounting Impairments and Disposals of Long-Lived Assets and Discontinued Operations Income Taxes Initial Public Offerings Leases Noncontrolling Interests Non-GAAP Financial Measures and Metrics ...On the Radar: A roadmap for ASC 842. Several economic factors have affected the lease accounting for many commercial real estate entities, including owners, operators, and developers. Explore hot topics, common pitfalls, and more information related to why entities that have adopted ASC 842 should continually monitor, evaluate, and update …At Deloitte's Software Group, we drive strategic growth and transformation through the innovative application of technology. We combine the right skills and experiences to design, build, deliver, and operate software to help streamline work, reduce risk, create new operating models, improve competitiveness, or win in the market. Unlock your ...Client User Password Reset Guide. Deloitte Tools. The following instructions will help you reset a temporary, forgotten, or expired password for your Deloitte account associated with the following tools: Application Management - Process Manager (AM-PM) Application Lifecycle Management (ALM) Confluence. Deloitte OnLine (DOL) IndustryPrint 5 (IP5 ...On the Radar briefly summarizes emerging issues and trends related to the accounting and financial reporting topics addressed in our Roadmaps. Under US GAAP, there are two primary consolidation models: (1) the voting interest entity model, and (2) the VIE model. Both require the reporting entity to identify whether it has a “controlling ...If the acquiree is the lessor in an operating lease, the acquirer will generally recognize (1) property subject to the lease, (2) intangible assets for favorable or unfavorable terms, (3) leasehold improvements owned by the acquiree, (4) intangible assets for an in-place lease, and (5) intangible assets for customer relationships.LeaseController is a suite of tools from Deloitte that helps organizations comply with various lease accounting standards. Learn how LeaseController can assist you with lease data management, lease accounting software, and lease reporting for different sectors and entities.This Heads Up discusses the FASB's recently released proposed Accounting Standards Update (ASU), Leases (Topic 842), Common Control Arrangements, which would amend certain provisions of ASC 842 that apply to arrangements between related parties under common control. Specifically, the proposed ASU would: (1) offer private companies, as well as not-for-profit entities that are not conduit bond ...Top business books authored by Deloitte thought leaders. A collection of books for professionals by Deloitte authors on pressing and perennial business issues, like emerging technology and digital transformation, competitive advantage, organizational leadership, risk management, and more. All.Business Acquisitions — SEC Reporting Considerations Business Combinations Carve-Out Financial Statements Comparing IFRS Accounting Standards and U.S. GAAP Consolidation — Identifying a Controlling Financial Interest Contingencies, Loss Recoveries, and Guarantees Contracts on an Entity's Own Equity Convertible Debt (Before Adoption of ASU ...a lessor to classify a lease, at its commencement, as a sales-type lease, direct financing lease, or operating lease on the basis of the classification criteria in the standard. This document highlights key considerations related to implementing the new leasing standard. See A Roadmap to Applying the New Leasing Standard for further details.GAAP in the UK - Full set. Contents. View all / combine content. IFRS 16 — Leases Basis for Conclusions on IFRS 16 Leases Illustrative Examples on IFRS 16 Leases. …In such cases, both parties should first determine whether scope considerations need to be addressed, such as whether the arrangement results in consolidation of the entity producing the power, contains a lease within the scope of ASC 8421 (or ASC 840), or contains a derivative within the scope of ASC 815.Virtual close self-assessment guide; Closing the books at a distance: Your virtual close toolkit ... Each month, the Deloitte Center for Controllership™ provides an easily digestible and regular stream of perspectives on the challenges facing controllers and those working in the controllership function. In each issue we share our latest ...When it comes to getting a new car, the decision to lease or buy can be a tough one. Each option has its own set of pros and cons that should be considered before making a final de...Contents. View all / combine content. ABSTRACT Preface Chapter 1 — Introduction Chapter 2 — General Auditing Considerations Chapter 3 — Financial Statements, the Reporting Entity, and General Financial Reporting Matters Chapter 4 — Cash, Cash Equivalents, and Investments Chapter 5 — Contributions Received and Agency Transactions ...We extract hot topics in lease accounting under ASC 842 and thoughts on entities that haven't yet approved that new standard. Deloitte's lease management guide examines like ASC 842 acceptance will impact companies the enter lease contracts toward support business operations.regards to classification of lease contracts they will need to prepare for audit purposes • Provide an overview of how Deloitte can help clients in Cyprus address the challenges of IFRS 16 implementation IFRS 16 Definition and scoping: IFRS 16 defines a lease as a contract that conveys to the customer (“lessee”) the right to use an asset ...Deloitte US | Audit, Consulting, Advisory, and Tax ServicesTransfer Pricing Guide 2022 | United Kingdom 3 persons directly or indirectly participate in the management, control, or capital of both parties. Generally, there is a 51% test of control, but this can be reduced to 40% in joint venture situations. Persons "acting together" to exert control in relation to financing arrangements also are treatedregards to classification of lease contracts they will need to prepare for audit purposes • Provide an overview of how Deloitte can help clients in Cyprus address the challenges of IFRS 16 implementation IFRS 16 Definition and scoping: IFRS 16 defines a lease as a contract that conveys to the customer (“lessee”) the right to use an asset ...The e-tax guide provides several examples to illustrate the tax treatment of subleases. Broadly, a sublease is a transaction for which an underlying asset is re-leased by a lessee (also referred to as an intermediate lessor, or "IL") to a third party, and the lease between the head lessor and IL (head lease) continues to remain in effect.a lessor to classify a lease, at its commencement, as a sales-type lease, direct financing lease, or operating lease on the basis of the classification criteria in the standard. This document highlights key considerations related to implementing the new leasing standard. See A Roadmap to Applying the New Leasing Standard for further details.Leases A guide to IFRS 16 - Deloitte. LeasesA guide to IFRS 16 June 2016 This guide contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms, or their related entities (collectively, the Deloitte Network ) is, by means of this guide, rendering professional advice or services.Before making any decision or taking any action that might affect your finances ...New lease accounting standard effective date. ASC 842, Leases, was added by ASU 2016-02 on February 25, 2016. The new guidance is effective as follows: For public business entities, the standard is effective for annual periods beginning after December 15, 2018 (i.e., calendar periods beginning after January 1, 2019), and interim therein. For ...Over the years, this guide has become the taxpayer’s tool to the tax environment in Cyprus, for both businesses and individuals. It encompasses all the important provisions of tax legislation, incorporating the amendments enacted by the House of Representatives until up to the date of its publication, a tax calendar for 2024, and as well as ...lease portfolios, due to the extensive data collection, process, and system changes that may be required during the transition. The latest lease accounting standards require new insights and an extension of your SAP solution The New Lease Accounting Standard Made Easy with Deloitte and SAP 01 02 03IFRS 16 will apply to all lease contracts except for: leases to explore for or use minerals, oil, natural gas and similar non-regenerative resources; leases of biological assets within the scope of IAS 41, Agriculture, held by lessees; service concession arrangements within the scope of IFRIC 12, Service Concession Arrangements;This Roadmap provides an overview of the guidance in ASC 820 on fair value measurements and disclosures (and that in ASC 825 on the fair value option) as well as insights into how to apply this guidance in practice.Ciarán O' Brien. [email protected]. The IASB has published its long awaited Leases Standard IFRS 16, effective for periods beginning on or after 1 January 2019. This standard will result in many leased assets, previously held off balance sheet, being brought onto companies' books. We review some key areas affected by these changes.Financial Reporting Developments - Lease accounting - Accounting Standards Codification 842, LeasesThe only way to open your own laundromat used to be buying your equipment upfront. This required a large investment, and it would sometimes take years before you started to earn a ...In a manner consistent with the discussion in Section 12.3.2, the lessee/ intermediate lessor would derecognize the ROU asset and lease liability arising from the head lease and would recognize any difference in profit or loss. Any additional consideration received or paid on termination that was not already included in the lease payments would ...Working alongside you, our people combine innovation and insight to solve your toughest problems. With leading business knowledge and industry experience, our variety of services help your business make an impact. Audit & Assurance. Consulting. Financial Advisory.Automotive companies. The new lease accounting standard will likely impact companies in the automotive industry. It will particularly affect original equipment manufacturers (OEMs) and suppliers (tier one and tier two), which tend to rely heavily on supply contracts involving dedicated production facilities.Big Four accounting and professional services firm Deloitte is planning to move its downtown Milwaukee office to the U.S. Bank Center, according to commercial real estate industry sources. The ...Common pitfalls to avoid. Lease disclosures under the new standard (ASC 842) are intended to give financial statement users a better understanding of an entity's leasing activities, helping them "assess the amount, timing, and uncertainty of cash flows arising from leases.". Learn more about some common pitfalls and ways to get disclosure ...lease portfolios, due to the extensive data collection, process, and system changes that may be required during the transition. The latest lease accounting standards require new insights and an extension of your SAP solution The New Lease Accounting Standard Made Easy with Deloitte and SAP 01 02 03Top Lease Accounting Guides from Deloitte, PwC, KPMG. By Joel Hess on April 1, 2017 at 6:40 AM. The new lease standard is coming and preparation is critical for …This Roadmap provides Deloitte’s insights into and interpretations of the accounting guidance on this topic, primarily that in ASC 230. The 2023 edition of this Roadmap includes several new discussions that address the presentation of cash flows related to topics such as tax receivable agreements, purchases and sales of crypto assets, and excise taxes paid on treasury stock transactions.Get in touch. Hussein Hussein. Partner, Audit & Assurance. [email protected]. +61 2 9322 7485. Our solution calculates Incremental Borrowing Rates ("IBR") tailored to your entity and in compliance with new accounting standards, through an easy-to-use and innovative digital application.1 December 2019 Applying IFRS - A closer look at IFRS 16 Leases Contents Overview 4 1. Objective and scope of IFRS 16 6 1.1 Objective of IFRS 16 6 1.2 Scope of IFRS 16 6 1.3 Recognition exemptions 7 2. What is a lease? 8 2.1 Determining whether an arrangement contains a lease 8 2.2 Identifying and separating lease and non-lease components of aLeasing is an important financing activity for large corporate and financial institutions with the majority not reported on balance sheet. ... Leases: A guide to IFRS 16 Download PDF ... Deloitte refers to one or more of DTTL, its global network of member firms, and their related entities. DTTL (also referred to as "Deloitte Global") and ...At Deloitte's Software Group, we drive strategic growth and transformation through the innovative application of technology. We combine the right skills and experiences to design, build, deliver, and operate software to help streamline work, reduce risk, create new operating models, improve competitiveness, or win in the market. Unlock your ...ASC 842-10-15-28 (a) and (b) prescribe criteria (reproduced above) for identifying whether one lease component is considered separate from other lease components in the contract. However, land is considered an exception to the guidance in ASC 842-10-15-28. In accordance with ASC 842-10-15-29, a right to use land must be separated from the ...Deloitte US | Audit, Consulting, Advisory, and Tax ServicesDeloitte US | Audit, Consulting, Advisory, and Tax ServicesDeloitte presents the 2020 edition of the Real Estate Accounting Guide and Financial Reporting Update. This accounting guide provides topics of particular interest to real estate entities. Real estate entities have faced uncertainty over the past year. ... and leases. 1 FASB Staff Q&A, Topic 842 and Topic 840: ...We provide a list of important considerations to help you design effective internal controls that can prevent and detect financial statement misstatements in your implementation. Ongoing business processes—Day Two and forward. ASC 842 contains a number of new concepts, such as lease re-assessment. With new judgments and change come new risks.Deloitte US | Audit, Consulting, Advisory, and Tax ServicesThis Roadmap provides Deloitte’s insights into and interpretations of the guidance in ASC 805 on business combinations, pushdown accounting, common-control transactions, and asset acquisitions as well as an overview of related SEC reporting requirements. The updated edition reflects guidance issued through November 30, 2023.On the Radar briefly summarizes emerging issues and trends related to the accounting and financial reporting topics addressed in our Roadmaps. Under US GAAP, there are two primary consolidation models: (1) the voting interest entity model, and (2) the VIE model. Both require the reporting entity to identify whether it has a “controlling ...We unpack hot topics in lease accounting under ASC 842 and considerations for entities that haven’t yet adopted the new standard. Deloitte’s lease accounting guide examines how ASC 842 adoption will impact companies that enter lease contracts to support business operations.Volume A - A guide to IFRS reporting Volume B - Financial Instruments - IFRS 9 and related Standards Volume C - Financial Instruments - IAS 39 and related Standards Volume D - IFRS 17 Insurance Contracts IFRS disclosures in practice Illustrative financial statements for IFRS reporters Illustrative disclosures for insurers applying IFRS 17 Illustrative disclosures for Banks applying IFRS 7 as ...The principles that should guide the allocation of the benefits of cash pooling to the participating members, including evaluating risks borne by the cash pool leader (e.g. liquidity and credit risks), the presence of cross-guarantees, and the contributions of the other participants to the cash pool. ... Deloitte EMEA Dbriefs webcast Deloitte ..."Period of use" is an added term in ASC 842-10-20 and clarifies an important concept: a right to use an asset for nonconsecutive periods can be identified as a lease. In these cases, the periods of nonuse should effectively be ignored in the assessment of the right to direct the use and the right to obtain substantially all of the economic ...Transcription of Leases A guide to IFRS 16 - Deloitte. 1 LeasesA guide to ifrs 16 June 2016 This guide contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms, or their related entities (collectively, the Deloitte Network ) is, by means of this guide , rendering professional advice or services.Why use Deloitte's Commercial Lease Advisory Services? We've: Real estate acquisition advisory services; Assisted real estate investors with over $50 billion in commercial real estate transactions; Abstracted more than 100,000 leases for critical data related to both operational and accounting purposes in 38 languagesCustomize CookiesWe hope this Guide is helpful in navigating the various accounting and reporting challenges that technology entities face. We encourage clients to contact their Deloitte team for additional information ... For more information about identifying a lease, see Chapter 3 of Deloitte's Roadmap Leases. 5.5.1.1 Cloud Computing Arrangements8.7.1 Setting the Stage · 8.7.2 Lease Termination · 8.7.3 Purchase of the Underlying Asset ·, IFRS 16 Leases (Advanced) 1h 30m. Learn the key accounting principles t, We take hot topics in lease accountancy on ASC 842 and rela, If the original lease is classified as an operating lease and the sublease is classified as a sales-type le, The International Accounting Standards Board today i, Lessons learned from public company implementations. Public companies have had to comply with the new standard on lease, Deloitte US | Audit, Consulting, Advisory, and Tax Services, Diese Roadmap addresses the leasing guidance in ASU 2, Big Four accounting and professional services firm Deloitt, The rise of generative AI software raises new question, Step 3: Develop Policies and Procedures and Identif, We explore hot issues in lease accounting under ASC 842 and obs, We extract hot topics in lease accounting under ASC 842 and tho, A guide to lease accounting under ASC 842 assists middle-market les, To lease a car from Costco, the customer must first purchase a C, "Period of use" is an added term in ASC 842-10, IR 6 Leasing 04 A Lease exists when a customer controls the asset:, Deloitte offers comprehensive lease management solutions t.