Webinar: Impacts of Lease Accounting Changes
Presented by First American Manufacturing Finance and The Bonadio Group
Wednesday, July 26, 2017
1:00 PM - 2:30 PM Eastern; 12:00 PM - 1:30 PM Central; 10:00 AM - 11:30 AM Pacific
Recommended NASBA CPE Credits: 1.5 credits in Accounting
The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) on lease accounting. This ASU affects all companies that lease assets and can significantly change the way companies account for leasing arrangements. The new guidance is intended to increase transparency in lease accounting by requiring organizations to report most long-term lease liabilities on the balance sheet.
In this webinar, learn about the financial reporting changes, impacts on covenants, and the timing and implementation of the new updates. In addition, hear how manufacturers are using leasing to fund growth.
Kelly Thompson, CPA, Principal
The Bonadio Group
David Neighbour, Senior Vice President
First American Manufacturing Finance
What You Will Learn:
- What the new standard is and why it was issued
- Changes to financial reporting and the impact on financial statements
- Timing of implementation, effective dates, and transition considerations
- Other considerations with bank covenants, systems, and processes
- The importance of leasing and how organizations are using leasing to fund growth
- Program Level: Intermediate
- Prerequisites: At least 2 years of experience in accounting
- Advanced Preparation: N/A
- Instructional Delivery Method: Group-Internet-Based
Refund/ Cancelation Policy: If a program must be canceled, Bonadio and/or First American will notify all registered participants as soon as cancellation is known by emailing the address registered. Bonadio will also put a notice of cancellation on its website for courses offered to outside participants. As this is a free program, there is no refund policy applicable.
Complaint Policy: For each program, Bonadio & Co., LLP will provide the contact information for the presenters and reviewers and communicate that all questions, concerns, or complaints be directed here. Bonadio & Co., LLP will reply to all such communications in a timely fashion. For more information regarding administrative policies such as complaint and refund, please contact our Professional Excellence Division at (585) 249-2762.
NASBA Statement: Bonadio & Co., LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Sponsored by Bonadio & Co., LLP- NASBA Sponsor # 112853; NYS Sponsor # 000090
If you have questions prior to the webinar, please contact First American Manufacturing Finance.
Click here to learn more about the lease accounting standards.