Having comprehensive control of your files at any time is vital to relieve your daily duties and increase your efficiency. Accomplish any objective with DocHub tools for papers management and practical PDF editing. Access, modify and save and incorporate your workflows with other safe cloud storage.
DocHub provides you with lossless editing, the opportunity to use any formatting, and safely eSign documents without having searching for a third-party eSignature alternative. Maximum benefit from the document management solutions in one place. Try out all DocHub features today with your free of charge account.
In this video tutorial, the focus is on calculating lease liability at initial recognition, applicable to all standards and classifications, including operating and finance leases under ASC 842. The methodology involves present valuing the non-cancellable future lease payments at the lease commencement. The video highlights that while the initial calculation method is consistent, differences arise when transitioning to the right-of-use asset, especially under various standards like IFRS 16. Aspects such as modification accounting and changes in lease scope are also mentioned as areas where the approaches may diverge. The tutorial is intended to guide viewers through these essential calculations.
