This webinar entitled “Leasing: A New Standard is Finally Here” was originally produced on Thursday, April 25, 2019. We hope that you enjoy the full recording of the presentation and additional resources offered below.
Dan Sturm, Partner; Brett Bauer, Senior Manager; and Tim Showers, Supervisor with McKonly & Asbury presented this webinar.
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 explained how accounting for leases changed from the old standard to the new one. Presenters showed a set of financial statements that adopted the new standard, making sure to highlight exactly what changed. Lastly, participants gained an understanding of what they should be doing now in order to prepare for these changes.
During this webinar, attendees learned:
- Learned how ASC 842 differs from ASC 840.
- Saw illustrative financial statements which highlighted exactly what changes as a result of the new standard.
- Gained an understanding of what they should be doing now to prepare.
Watch a recording of the presentation
This free, one hour-long webinar took place on Thursday, April 25 at 2:00 p.m. EST.
If you have any questions regarding the material covered in this webinar, please contact us.