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Ben from LeaseQuery discusses the importance of using the present value tool for transitioning lease portfolios from old to new standards (ASC 840 to ASC 842, IAS 17 to IFRS16, GASB legacy to GASB 87). The tool promotes transparency and comparability in accounting for operating leases, which were previously straightforward but now require a deeper understanding of lease agreements and transactions. The tutorial covers where to find the tool on the website and how to use it effectively.