There’s a new right-of-use asset on your balance sheet. Here are 5 things you need to know about assessing it for impairment.

In this week's episode Andreas Ohl, a partner in PwC's national office, joins Heather Horn to discuss "day 2" lease accounting considerations. After spending so much effort just to adopt the new standard, some companies may not have begun to evaluate what comes next. Andreas introduces a concept some companies may not have on their radar: how do you assess the new lease right-of-use asset for impairment.

Tune in to learn five things companies should know about the subsequent accounting by lessees for right-of-use assets, including:

For more information, read our In depth, FAQ: Lessee accounting for right-of-use assets in operating leases.

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Andreas Ohl is a partner in PwC's National office, where he focuses on mergers and acquisitions under US GAAP and IFRS. Andreas is chairman of the Business Valuation Standards Board at the International Valuation Standards Council, is a member of the working group that authored the AICPA's In-Process R&D guide, and has served as a member of the FASB's Valuation Resource Group.

Heather Horn is PwC’s National office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of a range of multimedia events, including PwC’s accounting and reporting weekly podcast and quarterly webcast series, as well as the power and utilities industry webcasts. With over 25 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.