The proposal by US and international accounting standard setters to overhaul lease accounting likely will have far-reaching impacts for most companies. Watch this installment of the Energy executive webcast series to learn about how the new proposal will impact the energy industry.
The proposal by US and international accounting standard setters to overhaul lease accounting likely will have far-reaching impacts for most companies, including those in the energy sector. Under the proposal, all leases with terms greater than one year would be recognized on a lessee's balance sheet, and the profit and loss recognition profile for many lessors and lessees would change. The proposal is not without controversy, and recent feedback given to standard setters suggests continued concerns about the proposal’s complexity and costs relative to its benefits.
Our discussion focuses on some of the key challenges that companies in the energy sector will face under the proposed standard, and highlight areas of concern raised by those both within and outside the energy sector. These include topics such as:
About PwC's Energy Executive Webcast Series
PwC's energy executive webcast series provides practical guidance on recent energy issues and developments. Our webcasts, designed for energy executives, keep you informed of new and emerging issues impacting the energy industry and provide insight into recent trends and opportunities within the sector.
Participation in the live webcast qualifies for 1 CPE credit.
Please note that CPE credit can only be given to individuals who remain logged into the LIVE webcast and respond to the polling questions provided during the webcast. If you are viewing this webcast in a group, everyone in the group can receive CPE Credit. Also, those who dial in via telephone are NOT eligible for CPE credit. Please note that this is a NASBA (not PwC) requirement.
If you have any questions concerning continuing professional education (CPE), you can find answers here to frequently asked questions concerning CPE webcast participation.