Leasing - remeasurement, modifications and terminations (Ep. 31)
Summary: In this podcast hear PwC's Jim Gazley, Ashima Jain and Shannon Detling discuss some of the "day two" issues that lessees and lessors will face in accounting for certain events or changes in circumstances after a lease commences - such as remeasurements, modifications, and terminations. The first podcast, in this leasing series, answered "day 1" big picture questions; in this "day 2" episode, we take a closer look at some more complex questions such as: What is a remeasurement and why would a lessee need to remeasure a lease? How should lessees and lessors account for modifications to leases? How do lessees and lessors account for lease terminations?