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Appendix D: Summary of
significant changes
This PwC guide, Leases, was fully updated in August 2018. In addition, select topics were updated in
December 2018. The following is a summary of the significant changes made in August 2018 and
December 2018.
Revisions made in December 2018
LG 9, Presentation and disclosure
□ LG 9.3.3 was added to provide new guidance for a lessor’s presentation of cash flows from sales-
type and direct financing leases.
LG 10, Effective date and transition
□ LG 10.4.1.2 was updated to reflect interpretive guidance related to a lessee combining or not
combining lease and nonlease components in transition.
□ LG 10.5.4.1 was added to reflect interpretive guidance related to lessor presentation of lease
revenues for leases transitioned to ASC 842.
Revisions made in August 2018
LG 2, Scope
□ Additional guidance was added to LG 2.2 to address subsurface rights.
□ LG 2.3.1.3 was updated to provide additional discussion and examples for determining whether an
asset is physically distinct.
□ LG 2.3.2.1 was updated to include discussion addressing the identification of the unit of account
and land easement examples.
□ LG 2.3.2.2 was updated to include additional examples on evaluating whether the customer has
the right to control an identified asset.
□ LG 2.4.1 was updated to include additional discussion and examples on identifying lease
components, nonlease components and items that are not contract components. It was also
updated to reflect proposed changes in the exposure draft issued in August 2018 related to three
lessor accounting items.
□ LG 2.4.3 was updated to include Figures 2-4 and 2-5 that summarize the allocation of contract
consideration for lessors and lessees, respectively.
□ LG 2.4.4.1 was updated to address ASU 2018-11, Leases (Topic 842): Targeted Improvements,
issued in July 2018.
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