Page 314 - pwc-lease-accounting-guide_Neat
P. 314
Appendix D: Summary of significant changes
LG 2.4.6.1 was updated to include discussion of a day 1 loss scenario for sales-type leases with
significant variable payments.
LG 3, Lease classification
□ LG 3.3.3 was updated to reflect additional guidance on evaluating the lease term and to include
two additional examples (Examples 3-3 and 3-4).
□ LG 3.3.4 was updated to include additional guidance and observations related to identifying lease
payments and variable payments, and accounting for lease incentives.
□ LG 3.3.4.4 was updated to reflect observations and an additional example related to residual value
guarantees (Example 3-15).
□ LG 3.3.4.6 was updated to reflect interpretive guidance related to discount rates and to include an
additional example (Example 3-16).
LG 4, Accounting for leases
□ LG 4.2.2.2 was updated to reflect interpretive guidance related to sales tax payments made by
lessees.
□ LG 4.3.1.1 was updated to reflect observations related to lessor accounting for a sales-type lease
with substantial variable payments.
□ LG 4.3.1.4 was updated to include an example on the accounting for a sales type lease with
significant variable payments.
□ LG 4.7.1 was updated to reflect observations on impairment considerations for the net investment
in a lease.
LG 5, Modification and remeasurement of a lease
□ LG 5.3.2 was updated to reflect interpretive guidance related to lease incentives that are paid to
the lessee after lease commencement.
□ LG 5.3.3 was updated to reflect interpretive guidance related to when a lessee has to reallocate
contract consideration in conjunction with a remeasurement of a lease liability.
□ LG 5.3.6 was updated to include an example on the accounting for a modified finance lease when
lease classification changes to an operating lease (Example 5-8) and an example on a
remeasurement due to a change in timing of a leasehold incentive receivable (Example 5-9).
LG 6, Sale and leaseback transactions
□ LG 6.3.3.1 was updated to expand interpretive guidance on determining when a future lessee
obtains control of an asset under construction.
□ LG 6.3.5.1 was updated to expand interpretive guidance related to the impact of renewal options
on sale and leaseback transactions.
D-2
