This webinar will cover the new lease accounting model that will be effective for all non-public company’s preparing financial statements under U.S. GAAP for fiscal years beginning after December 15, 2021. Learn what is needed to evaluate potential impacts on your company, including changes to systems and processes, what data to gather, judgments to make and document, and how to record the lease-related transaction. Areas of focus will include purpose and scope of the new lease accounting model, recognition and measurement considerations, financial statement presentation and disclosures, transition, and effective date.

Learning objectives:
After this session, attendees will be able to:

• Understand the financial statement presentation and disclosures required of lessees under the new accounting model
• Recognize transition matters that may affect the business including the potential impact on banking and bonding
  requirements, and the steps that should be taken now to prepare for implementation.
• Learn practical application of the new lease accounting model from a lessee’s perspective, including key elements that will affect identification, recognition, and measurement of lease arrangements.

Level & Prerequisites
This is a group-internet based program at the Overview Level. Should have general familiarity with U.S. GAAP accounting for leases by lessees.

CPE information
Earn 1.5 CPE credit in the field of Accounting.

Who should attend?
CFOs, General Contractors / Subcontractors, Controllers/CFOs, Business Owners, CPAs, Bankers, Bond Agents, Sureties, Professional Advisor

Price:
Free for CFMA members and $69 for non-members

Group Viewing:
If you plan to view this program as part of a group and need to earn CPE credit, please contact CFMA at education@cfma.org.

Sponsored By:

Jared Asay, CPA, CCIFP, CEPA, Financial Partner, Conover Asay
Lindsey Benson, CPA, CCIFP, Audit Senior Manager, CBIZ & Mayer Hoffman McCann P.C.