Embed issue in ASC

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How to Embed issue in ASC

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[Music] welcome to this online forum how to successfully embed ai into your iap service brought to you by sbk healthcare and sponsored by weisser to find out more about further educational podcast webinars and forums please do visit our website at sbk-healthcare.co.uk this online forum follows the story of two unique services on their journey to embedding ai into their service here from dorset healthcare nhs foundation trust and from iaps talking therapies kensington and chelsea central and northwest london nhs foundation trust in company with our chair ross obrien the managing director of weisser [Music] hello everybody um thank you for coming in and joining us today um our um background in terms of wiser is coming from the nhs um so weve got a lot of experience in terms of uh delivering digital therapeutics in to iap services um from from within um and in some of the uh the the regional national support um uh uh across the nhs so its uh lovely to have you all here today what wer

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What is meant by an embedded lease?

Some contracts will contain the right to use an underlying asset as part of a larger agreement. This right-of-use within a contract is called an embedded lease.

What is an embedded lease under ASC 842?

Simply put, an embedded lease is a lease within a larger contract or arrangement. Under previous guidance, operating leases and service contracts were expensed to the income statement, and there was no balance sheet recognition.

What is meant by an embedded lease?

Some contracts will contain the right to use an underlying asset as part of a larger agreement. This right-of-use within a contract is called an embedded lease.

What is an example of an imbedded lease?

What are some examples of embedded leases? One example of an arrangement with a potential embedded lease is a contract for data center services with the following terms and conditions: The customers data is stored on a dedicated piece of equipment, and the customer is able to direct the use of the equipment.

How do you determine an embedded lease?

Criteria for an embedded lease ASC 842 defines a lease as follows: a contract is or contains a lease if the contract conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration.

What is an example of an imbedded lease?

What are some examples of embedded leases? One example of an arrangement with a potential embedded lease is a contract for data center services with the following terms and conditions: The customers data is stored on a dedicated piece of equipment, and the customer is able to direct the use of the equipment.

How do you identify an embedded lease?

Identifying embedded leases Perform a physical inspection. Walk through offices or manufacturing locations to identify leased assets that might not appear on an asset listing or registry, such as a large-format printer or medical testing device. Examine contracts.

What qualifies as a lease under ASC 842?

1. Lease. ASC 842-10-15-3 states: A contract is or contains a lease if the contract conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration.

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Embed issue in ASC smoothly

Transform your document managing and embed issue in ASC with DocHub

embed issue in ASC in few steps

PDF editing simplified with DocHub

Drive efficiency with the DocHub add-on for Google Workspace

How to Embed issue in ASC

Got questions?

What is meant by an embedded lease?

What is an embedded lease under ASC 842?

What is meant by an embedded lease?

What is an example of an imbedded lease?

How do you determine an embedded lease?

What is an example of an imbedded lease?

How do you identify an embedded lease?

What qualifies as a lease under ASC 842?

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