Oftentimes, the typical accounting curriculum requires such a large focus on providing technical knowledge that it can become challenging to devote precious time towards developing other important skills, such as examining how various accounting rules actually impact a company’s financial statements. Recently, the accounting rules for lease transactions has changed significantly, and this paper provides an overview of an assignment used in an Intermediate Accounting course to engage students in learning about the overall impact. This assignment has the benefit of taking very little time away from lecture.