The provisions of the Accounting Standards Update 2016-02, Leases, in February of 2016 and the subsequent amendments from the Financial Accounting Standards Board (FASB) are coming into effect soon. The effective date for nonpublic entities is calendar year 2022.
It’s important to understand the potential impact of lease accounting on your organization’s financial reporting. These new FASB lease accounting standards provide significant changes for lease accounting that can be complicated when determining lease terms, lease payments and discount rates. During this webinar, we will provide a series of practical case studies that answer common questions when implementing the new lease accounting requirements.
- Discuss Accounting Standards update 2016-02 and subsequent amendments.
- Illustrate case studies and address common questions.
- Compose key implementation strategies.
Scot R. Phillips, CPA, Partner-in-Charge of Audit & Assurance | Eide Bailly
Scot joined the firm in 2002 and is a highly experienced public accountant, serving privately held companies, employee benefit plans, and nonprofit organizations. His work includes audits, reviews and compilations of financial statements, interpretations of financial information and assistance with technical accounting matters. Scot is a recognized leader in his field, as well as in his community, participating in many local business and professional associations.
CPE Credit: 3
Field of Study: Accounting
Level of Knowledge: Overview
Delivery Method: Group-Internet Based
Additional Information: This is a Group-Internet Based Webinar. No prerequisites or advanced preparation required. For information regarding a complaint and/or program cancellation policies, please contact Amy DeGeorge.