McKonly & Asbury’s April webinar entitled, “Leasing: A New Standard is Finally Here,” will take place on Thursday, April 25, 2019. The webinar will be hosted by Dan Sturm, Partner; Brett Bauer, Senior Manager; and Tim Showers, Supervisor.
After nearly 10 years of working on a new leasing standard, the Financial Accounting Standards Board (FASB) issued ASU 2016-02 on February 25, 2016. Companies will now recognize most leases on their balance sheets as either financing leases or operating leases. The FASB estimates that more than $1 trillion will be added to the balance sheets of public companies traded in the United States as a result of this new standard. The new leasing standard is significant, and it is finally here!
This webinar will explain how accounting for leases changed from the old standard to the new one. Presenters will also show a set of financial statements that adopted the new standard, making sure to highlight exactly what changed. Lastly, participants will gain an understanding of what they should be doing now in order to prepare for these changes.
During this webinar, attendees will:
- Learn how ASC 842 differs from ASC 840.
- See illustrative financial statements which highlight exactly what changes as a result of the new standard.
- Gain an understanding of what they should be doing now to prepare.
Thursday, April 25th at 2 PM EST
This free, one hour-long webinar will take place on Thursday, April 25th at 2:00 p.m. EST. One “Accounting” CPE credit is available for this webinar. The level for this CPE is basic and there are no prerequisites for this CPE. This program is a live webinar which offers you the opportunity to ask questions and interact with the presenters.