Leases: Brushing up on “day 2” accounting

PwC's accounting podcast · Apr 9, 2024 · 36m · transcript

We continue our miniseries on lease accounting. In this episode, we discuss “day 2” lease accounting, focusing on lease remeasurements, subleasing, and lease impairments.

In this episode, you’ll hear a discussion of:

01:18 - Events requiring remeasurement

02:17 - Full lease remeasurements

06:19 - Partial lease remeasurements

7:47 - Lease term and purchase option remeasurements

13:44 - Lease modification remeasurements

21:34 - Subleasing arrangements

25:58 - A refresher on ROU asset impairments

For more information on modifications and remeasurements of leases, read chapter 5 of our Leases…