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Home Technology Innovations, Inc.: Transitioning to the new leasing standard

Author

Listed:
  • Gray, David L.
  • Daly, Abbie L.

Abstract

This case entails determining the expected financial statement impacts and related reporting requirements associated with the newly-promulgated leasing standard. The dataset includes financial statements, disclosures, and related supporting data for Home Technology Innovations, Inc. (a fictional, privately-held firm). You will determine financial statement effects of capitalizing existing operating lease obligations, evaluate the likelihood of exercising lease renewal options and calculate the impacts on lease capitalization calculations, research and prepare journal entries necessary to transition to the new leasing standards under both U.S. GAAP and IFRS, research and analyze the accounting for lease complexities, and apply broader business concepts in making recommendations. Instructors can select from combinations of case requirements so that the case can be used in financial accounting courses from the intermediate through the graduate level.

Suggested Citation

  • Gray, David L. & Daly, Abbie L., 2019. "Home Technology Innovations, Inc.: Transitioning to the new leasing standard," Journal of Accounting Education, Elsevier, vol. 49(C).
    • Handle: RePEc:eee:joaced:v:49:y:2019:i:c:s0748575118302033
    DOI: 10.1016/j.jaccedu.2019.100636
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    References listed on IDEAS

    as
    1. Bradbury, Michael E., 2015. "The warehouse capital management policy – Treatment of leases," Journal of Accounting Education, Elsevier, vol. 33(3), pages 228-240.
    2. Joanne C. Duke & David Franz & Su‐Jane Hsieh, 2012. "Evaluating Constructive Lease Capitalization and Off‐Balance‐Sheet Financing: An Instructional Case with FedEx and UPS," Accounting Perspectives, John Wiley & Sons, vol. 11(1), pages 57-69, May.
    3. Spiceland, Charlene & Spiceland, David & Njoroge, Phillip Kamau, 2018. "Tourist Trap: The new lease accounting standard and debt covenants," Journal of Accounting Education, Elsevier, vol. 45(C), pages 45-59.
    Full references (including those not matched with items on IDEAS)

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